106 million dollars liquidated! Bitcoin approaches 85,000 dollars — Breakthrough or crash?

The high volatility of cryptocurrency trading has led to total losses of 106.54 million dollars for traders, impacting 76,478 positions that utilized trader risks.

Bitcoin's major resistance level is at 85,000 dollars, while investors may push the price above 87,000 dollars, but potential buying fatigue could lead to a price drop to 81,000 dollars.

The cryptocurrency market has suffered significant trader position losses over the past 24 hours, with losses amounting to 106.54 million dollars. Market volatility has resulted in 76,478 traders losing their positions due to rapid price fluctuations that led to liquidation.

Short positions have lost 50.84 million dollars, while data shows long position trading activities have lost 55.69 million dollars.

Market uncertainty has risen to such an extent that losses for bullish and bearish traders are nearly equal. Market volatility has triggered margin calls for leveraged traders, forcing them to close positions due to insufficient funds.

Market Trends and Indicators

Current market data shows unpredictable behavior, as both short sellers and long traders have suffered significant losses.

Liquidation statistics indicate that due to market trading volume and leveraged trading methods, losses for long and short traders are roughly equal.

Bitcoin approaches 85,000 dollars — Breakthrough or pullback?

The market depends on the Binance futures long/short ratio, currently at 1.53. 60.52% of traders hold long positions, accounting for the majority of the market, while 39.48% of traders hold short positions, indicating strong market sentiment.

From a technical perspective, the immediate resistance level BTC faces is 85,000 dollars. Continued buying pressure may allow BTC to break through 85,000 dollars, pushing it up to 87,000 dollars or higher.

If it fails to break the resistance level, Bitcoin may drop to 82,500 dollars and 81,000 dollars.

Currently, the long and short liquidation situation in the market remains balanced, indicating uncertainty in market direction. The market may enter a price stabilization phase before moving up or down from this position.

More real-time reference suggestions Follow WeChat Official Account Crypto Tai Ge #BTC走势分析 #ETH #ADA/BNB