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BTC surged to $69,000 this morning, liquidating $257M in short positions!
In the past 24 hours, the total crypto market liquidation reached $448M!!!
Currently, the liquidity cluster in the $69,000-$71,000 range is relatively thin and may be swept—this could push the price to higher levels.
However, the liquidity in the $64,000-$66,000 range is about 3-4 times larger than the former and has accumulated, making it the next more likely area to be swept. (Chen Jiaguan)