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$BTC Crashing to $63K: $1.74B Liquidated! Is the $60K Floor Next?
The crypto markets are experiencing an absolute bloodbath this Friday morning. A massive $400 billion capital rotation out of crypto and into AI sectors has triggered a staggering $1.74 billion in liquidations over the past 24 hours, dragging
$BTC down to the $63,000 zone.
On-chain data shows nearly 290,000 traders were wiped out overnight. With prediction markets now pricing in a massive 62% chance that BTC breaks below the critical $60,000 macro support line this June, the bears are in complete control of the order books.
Two heavy intraday setups are opening up for morning scalp traders:
โข The $63K Rebound: Aggressive buyers step in to defend this psychological line, forcing a fast short-squeeze back toward the $64,500 resistance block.
โข The Capitulation Flush: If $63K fails to hold on the 4-hour candle, automated liquidation cascades will likely trigger a straight flush down to hunt the liquidity sitting at $60,000.
The market is moving at maximum velocity right now. Do not trade this blind.
Check the live liquidation walls and candle data on the
$BTC chart widget directly below before placing your bets! ๐
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