Key Points:
Strong Support at $74K: Glassnode highlights a significant supply zone around $74K, indicating potential price stability.
Dormant Long-Term Holders: Investors active until March 2025 have not sold, suggesting confidence in the asset.
Liquidation Triggers: Ali’s analysis hints that after liquidating shorts, the market is now targeting long positions.
Bitcoin’s market behavior is shaped by concentrated supply zones and leverage dynamics, as both Glassnode and Ali highlight key levels of support and liquidation triggers for traders to watch.
Glassnode’s Insight into Bitcoin’s Support at $74K$BTC
Glassnode’s analysis delves deep into Bitcoin’s supply distribution, revealing a strong concentration of supply around the $74K price point. 
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This price level is significant, as it marks the support zone formed by Bitcoin last transacted by investors between five months ago and March 10, 2025. With over 50,000 BTC in this cluster, these investors are unlikely to sell unless prices rise considerably. This dynamic could lead to a temporary floor for Bitcoin, giving traders more confidence in this support range.
Ali’s Market Commentary on Liquidation Events$BTC
Ali’s recent tweet sheds light on the liquidation process happening in real-time. "Shorts gone! Now, liquidate longs..."
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is his interpretation of the current market environment, where the shorts have been cleared, and the market is now likely targeting the forced liquidation of long positions. As Bitcoin’s price rises, leverage levels around the $74K-$76K range are being tested, and liquidations are evident. Ali’s insight underscores the high volatility and the risks associated with leveraged long positions.
Meta Description: Glassnode and Ali’s analysis offer key insights into Bitcoin’s support levels and liquidation dynamics.
