Analysts: 1.9% BTC rise to $77,400 threatens $77M in short liquidations
- —Upper short liquidation zone: $77,400-77,800, about 994.86 BTC worth $77.08 million
- —The price needs to rise 1.95% to reach the nearest short liquidation level
- —Lower long liquidation zone: $72,600-72,800, 874.79 BTC worth $63.56 million
- —Two long addresses account for 91.9% of the lower liquidation zone's volume
Why it matters: The density of shorts near $77,400 could accelerate a rally on a breakout, while the cluster of longs below $72,800 would amplify a decline on a pullback.
Source: TokenPost