Liquidations Peak as $70,000 Support Teeters

The last 24 hours have seen a massive deleveraging event, with over $722 million in long positions wiped out across the market. This "liquidation cascade" accelerated as Bitcoin breached the $74,000 mark, triggering automated sell orders that pushed the price down to test the psychological $70,000 floor. Exchange order books are showing significant "thinning," meaning even small trades are causing outsized price swings. Traders are being cautioned to avoid high leverage as the market enters a volatile phase of "bottom discovery."

#CryptoLiquidations #TradingAlert #BTCSupport

$BTC $ETH

BTC

71,340.79

+11.34%

ETHUSDT

Perpetuu

2,074.64

+10.56%