Bitcoin

<a href="https://cryptotale.org/btc-eth-lead-open-interest-solana-lags-behind-above-140/" rel="noopener noreferrer nofollow">Bitcoin</a> traders sharply watch possible liquidity zones, especially at lower low and lower high zones. According to data from Coinglass, BTC has lesser large liquidity concentrations in the area after passing through major liquidity points on August 5 and September 16.Based on the analysis by a crypto trader, Daan Crypto Trades, Binance BTC/USDT has zoomed out by taking out a big liquidity cluster down below the $50k on the August 5th dump. Furthermore, the analyst added that there are few big clusters in close proximity and that the high levels are sitting at $70k lower highs and $47k lower lows.The yearly BTC/USDT Liquidation Heatmap shows that there are large liquidation clusters at $70,000 and $72,000, and liquidation leverages are $41.51B and $39.86B respectively. If Bitcoin arrives at this level, traders who have leveraged at this level will be liquidated out, making BTC acquire more liquidity and subsequently increase the price.Conversely, traders are currently holding $1.81B in short positions at $65,000 and $993.4M in long positions at $52,000. If BTC could not surpass the key resistance at $65,000, we could anticipate a substantial drop, with a key support level at $57,000.<a href="https://cryptotale.org/btc-liquidity-zones-at-70k-47k-hold-key-to-price-action/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Liquidity Zones at $70K & $47K Hold Key to Price Action

CryptoTale

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