Bitcoin Tries to Hold Above $77,000 After $142M Short Squeeze
- —24-hour liquidations: $196.7 million, shorts $142.4 million (72%)
- —In the past hour, shorts accounted for 92% of liquidations — $9.03 million of $9.81 million
- —ETH liquidations: $37.5 million; ZEC: $29.1 million (82% shorts); SOL: $7.5 million
- —Short liquidity is concentrated in the $77,100–77,800 range, peaking at $77,600
Why it matters: A break above $77,600 could accelerate gains via forced buying, but losing $76,000 risks liquidating longs in the $75,500–75,800 zone.
Source: Blockmedia