BITCOIN'S $60K LEVEL: LIQUIDATION TRIGGER IN PLAY ⚠️
Bitcoin faces a critical test at $60,000 — a breach could spark forced selling and sharp volatility, with options and loan structures primed for liquidation.
Key Data:
· Deribit: Largest put option cluster pays off below $60K**, aligned with the 200-week MA at **$58K — major technical support.
· Loans tied to BTC would auto-liquidate collateral on a dip, potentially triggering a deleveraging cascade.
· Current price: ~$67,000 (down ~47% from October peak)
· Open interest in $60K puts: **$1.24B**
Outlook:
· Break below $60K could accelerate toward **$50K** (next heavy put zone)
· Analysts warn of another 20% correction if $60K/$58K fails
· Relief rallies remain fragile — sentiment is heavily bearish.
Eyes on the level. ⚡