Bitcoin Faces $7B Liquidity Trap: Will $62K or $65K Break First?
Bitcoin sits between $62K support and $65K resistance zones as traders brace for Monday’s Senate vote on the CLARITY Act outcomes.
Bitcoin dropped from $66,300 to $64,077 in a single session, according to Smart Money Crypto on X. Eighty-four percent of liquidated futures positions in the following 24 hours were longs.
The pullback pushed price into a tight range between two liquidation clusters. One sits below the market, one sits above it. Traders are now watching which zone breaks first.
Bitcoin Liquidation Map Shows Two Key Price Zones
The heavier cluster sits between $61,400 and $62,600, according to data shared by Smart Money Crypto.
More than seven billion dollars in leveraged positions sit stacked in that range. It marks the densest liquidity pocket on the entire chart. The zone thins out sharply once price drops another thousand dollars below it.
#Bitcoin ist gestern von $66.300 auf $64.077 durchgereicht worden. In den 24 Stunden danach entfielen 84 Prozent aller liquidierten Futures-Positionen auf Longs.
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