BITCOIN’S $60K LEVEL SEEN AS LIQUIDATION TRIGGER $BTC

Bitcoin faces a key test at $60,000, with options and loans suggesting a breach could spark forced selling and sharp volatility.$NAORIS

Deribit data shows the largest cluster of put options pays off below $60K, near the 200-week moving average at $58K — a crucial technical support. Loans tied to Bitcoin would automatically liquidate collateral if prices dip, potentially triggering a cascade of deleveraging. $VVV

Bitcoin traded around $67,000 on Friday, down ~47% from its October peak. Analysts warn a break below $60K could push it toward $50K, where the second-highest put open interest lies. Open interest in $60K puts totals $1.24B.

Market sentiment is heavily bearish. Experts say a sustained drop below $60K/$58K could fuel another 20% correction, while any relief rallies remain fragile.