liquidation

The crypto market just took a sharp turn into "Extreme Fear" as $BTC officially breached the critical $66,000 psychological support level. This move has sent shockwaves through the derivatives market, triggering a massive wave of liquidations.
The Hourly Damage:
$30,130,000+ in long positions have been wiped out in the last 60 minutes alone.Total 24-hour liquidations for Bitcoin have already surged toward $47 million.The Fear & Greed Index has plummeted to a staggering 11/100, signaling a "panic-like" sentiment across the board.
Why is this happening?
The drop appears to be a classic leveraged washout. As prices slipped, automated margin calls triggered a "liquidation cascade," forcing more selling and driving the price even lower. This is compounded by macro uncertainty following hawkish FOMC minutes and institutional outflows from Spot Bitcoin ETFs, which saw $133.3 million in exits today.
Key Levels to Watch:
Support: If BTC fails to reclaim the $66,000 zone, the next major "floor" sits at $60,000. A daily close below $65,000 could expose a deeper pullback toward the $55,000 range.Resistance: To invalidate this bearish momentum, bulls need a decisive break back above $67,000–$68,000.
Strategy Note:
With the 14-day RSI dipping into oversold territory, some analysts suggest a "long, slow grind" or consolidation phase may follow this volatility. While the long-term outlook remains tied to institutional adoption, the immediate path is clouded by macro-driven risk aversion.
Are we witnessing a healthy leverage reset, or is there more downside to come? Stay sharp, use stop-losses, and never trade more than you can afford to lose.
#CryptoNews #BinanceSquare #Liquidation #TradingAlert #bitcoin

$AWE has dropped nearly -40% in a single day, but this wasn’t random. The chart clearly shows a classic blow-off top followed by aggressive distribution and a liquidation cascade. Let’s break it down step by step.
📍 Phase 1: Parabolic Expansion 🚀
Price rallied strongly from the 0.049 zone toward 0.108, forming consecutive bullish candles above the mid Bollinger Band. This type of vertical move usually indicates momentum chasing and late buyers entering near the top. Volatility expanded sharply, and price stretched far from its equilibrium (MB around 0.077).
📍 Phase 2: Rejection at 0.108 Supply Zone ❌
At 0.1085, price hit a clear resistance area and immediately showed rejection wicks. This level acted as a prior supply zone where early buyers likely started taking profit. When a market moves too far too fast, profit booking becomes aggressive.
📍 Phase 3: Breakdown & Liquidation 📉
Once price lost the mid Bollinger Band support, momentum flipped. A large bearish candle followed, breaking structure and triggering stop-losses from late long positions. This created a cascade effect — stop hunts + panic selling + leveraged long liquidations. That’s why the drop looks vertical.
📍 Why So Aggressive?
• Overextended rally before correction
• Profit-taking at resistance
• Loss of key support (0.082–0.085 zone)
• Liquidation of overleveraged longs
• Short-term sentiment shift
📊 Current Position
Uptrend → Overextension → Rejection → Breakdown
Currently in: Volatility Reset Phase
📍 What Next?
Price is now near the lower Bollinger region (~0.05–0.06). This zone can act as temporary stabilization support. However, unless $AWE reclaims 0.075–0.080 with strength, upside momentum remains weak. Expect consolidation before any sustainable recovery attempt.Strong reminder: vertical pumps often lead to vertical corrections. Structure > Emotion.
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#AWE #cryptoanalysis #binancesquare #priceaction #liquidation