
Bitcoin's recent price movements have significant implications for the cryptocurrency market, particularly for short and long positions. As Bitcoin's price hovers around $64,700, $1 billion in shorts will be liquidated at $66,600, while $1 billion in longs will be liquidated at $63,600. Additionally, $1.6 billion worth of Bitcoin shorts are expected to be liquidated if the price reaches $70,000. A heatmap from Binance indicates that $20 billion in shorts will be liquidated if Bitcoin surpasses $72,300. The current price of Bitcoin stands at $66,201.84, suggesting a volatile market ahead. The Wyckoff Reaccumulation pattern indicates that once Bitcoin touches $66,500, it will not fall below this level again, marking the Last Point of Support.
#Bitcoin @binance HeatMap shows $20b of shorts will be liquidated when we pass $72300. 👀 https://t.co/d6rThFeqOp
These Bitcoin shorts are going to be decimated LOL. Bitcoin $66,201.84 Short at your own risk. https://t.co/pIyfoCP96b
#Bitcoin #Wyckoff Reaccumulation playing out. When we touch $66500 the Last Point of Support we will not pass back under that again. Shorts will turn into longs. https://t.co/MQc7c3Dat1


