The Bitcoin Liquidity Map from Coinglass reveals critical liquidation clusters, indicating areas where over-leveraged positions are likely to be auto-liquidated by exchanges. These clusters, rather than acting as traditional support or resistance levels, represent zones where forced market orders can trigger price cascades. Currently, the map shows significant liquidity magnets at $63,000 to $66,000, with further clusters at $69,000 and $72,000. This suggests that if Bitcoin stabilizes, it may first target the $63,000 to $66,000 range before potentially moving towards higher liquidity pools.
Bitcoin Liquidity Map Highlights Key Liquidation Zones
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