BTC breaks through 79,000 USDT

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.

Data: If BTC drops below $65,082, the total long liquidation strength on major CEXs will reach $1.121 billion.

ChainCatcher reports that, according to Coinglass data, if BTC drops below $65,082, the total long liquidation strength on major CEXs will reach $1.121 billion. Conversely, if BTC breaks through $71,401, the total short liquidation strength on major CEXs will reach $853 million.

Bitcoin’s Deepest Corrections in History: The Real Pain May Not Be Over

The essay analyzes Bitcoin's drawdown history, highlighting that the current decline is less severe than previous bear markets. It emphasizes the need for investor preparedness for potential deeper losses, despite Bitcoin's maturation and resilience shown in past cycles.