6.11 Wednesday Liquidation Analysis
Bitcoin
In the early morning, the price of Bitcoin began to show a slow decline around 110200, and then entered a fluctuation range around 109200. From the overall market situation during the day, the bearish forces gradually dominated, and the trend of incremental decline was quite evident.
In terms of liquidation, the concentrated liquidation area above Bitcoin is mainly concentrated around 110500 - 111400. Within this range, there are many liquidation positions in the market, and once this area is touched, it may trigger a certain degree of market volatility. The strong liquidation position appears near 102500, and when the price drops to this point, it could trigger a large number of forced liquidation operations.
The concentrated liquidation area below is around 109000 - 107500, which also gathers a considerable number of liquidation positions. It is worth noting that the strong liquidation position is near 106500.
Ethereum
Ethereum also showed a gradual decline after reaching around 2834 in the morning, with the price dropping to around 2760 and starting to fluctuate.
From the liquidation area perspective, the concentrated liquidation area above Ethereum is located around 2790 - 2840. Within this range, there are many liquidation orders in the market, and price fluctuations may impact the liquidation positions in this area. Its strong liquidation position is near 2875.
The liquidation range below is around 2745 - 2700, where there is also a certain distribution of liquidation positions. The strong liquidation position is near 2650. #比特币 #以太坊ETF
