BTC drops below 70,000 USDT

Bitcoin Sell Pressure Is Easing, But Whales Keep Dumping on Exchanges: CryptoQuant

Bitcoin deposits on exchanges have decreased significantly, easing sell pressure despite continued activity from large holders. The price has plummeted 46% since its peak last October, indicating potential short-term bearish trends ahead.

Data: In the past 24 hours, the total liquidation across the entire network was $83,637,800,000, with long positions liquidated at $18,636,800,000 and short positions at $65,001,100,000.

In the past 24 hours, the total liquidation amount across the entire network reached $83,637,800, with $18,636,800 in long liquidations and $65,001,000 in short liquidations. Both Bitcoin and Ethereum long and short positions were liquidated, with a total of 52,640 people liquidated worldwide. The largest single liquidation was $8.5 million.

Bitcoin Shows ‘Burj Khalifa’ Like Liquidations Towers on Liquidity Map

Bitcoin's liquidation map exhibits a "Burj Khalifa" pattern, indicating high leverage and precarious market balance, posing risks for upcoming volatility spikes as traders await directional movements near critical price levels.