Current Liquidity Clusters

Support Zones (Long Liquidations): Heavy liquidity bands are currently stacked between $65,800 and $66,500. A deeper "thick wall" of liquidity exists in the $63,300–$64,600 range, which acts as a major magnet for a potential long flush if the $68,000 level fails.

Resistance Zones (Short Liquidations): Immediate overhead resistance and liquidity pools are clustered near $69,000. Analysts identify $71,672 and $72,500 as the critical "breakout" levels where a massive short squeeze could be triggered, potentially liquidating up to $4.34 billion in short positions on a 10% move higher. 

Last 24 Hours Key Metrics

Total Liquidations: Approximately $160.78M to $235M across global exchanges, with a slight bias toward long liquidations ($93.48M long vs. $67.29M short) during recent choppy trading.

Market Sentiment: The "Fear & Greed Index" remains in Extreme Fear (around 92 earlier this month) as Bitcoin is down roughly 24% year-to-date from its January highs near $90,000.

Funding Rates: Funding has recently dropped to its most negative levels since August 2024, indicating a market heavily skewed toward shorts paying longs. 

Strategic Levels to Watch

$70,000: A mechanically important psychological level; staying below this maintains the current bearish pressure.

$76,037: Estimated average holding cost for MicroStrategy; a move toward this level would significantly improve institutional sentiment.