Bitcoin crashed below $61,000 — and a massive liquidity battle is unfolding 📉
A $525 million buy wall between $60,500 and $61,500 absorbed over $270 million in bids. That's serious demand defending this floor.
📊 $125M in long liquidations flushed in one hour
📊 $1.2B in short positions near $63,500
📊 $2.4B in shorts vulnerable at $65,000
Bears are loading shorts above spot while bulls defend the $60,500 support. Whoever blinks first gets squeezed.
Bitcoin closed at $62,700 on Tuesday — its lowest daily close since June 10. The bearish engulfing candle erased Monday's gains.
Traders watch $61,500 and $60,500 for a bounce. Upside target $63,500 before another leg down. RSI has cooled from overbought but structure remains bearish short-term.
Is this the accumulation zone buyers have been waiting for — or a trap before more pain? 👇