$BTC
From the liquidation chart, the current mainstream exchange Bitcoin price is around 57,900. If the price rises to 60,000, about 800 million shorts will be liquidated. When the price drops to 56,000, about 1.2 billion longs will be liquidated.
With the current amount of chips in the market, if the price hits 60,000 or even higher, there is a high probability that panic selling will occur due to insufficient subsequent momentum, so in the short term, it is more inclined to absorb more chips downward with the market.
