$BTC LIQUIDITY WAR: $290M Longs Wiped — Is $74K the Real Target? 🚨
Bitcoin just delivered a brutal one-two punch. First, a push to $70,000 wiped out $65M in short positions. Then came the reversal-price flushed below $67,000, liquidating a massive $290M in longs. Classic liquidity hunt.
Now the battlefield is shifting again. Fresh liquidity has stacked between $65,000-$66,000, creating a nearby magnet that could still get swept. But zooming out, the real prize sits higher. The $71,000-$74,000 zone holds significantly larger liquidity, making it the higher-probability target if bulls regain control.
This is how markets rebalance leverage-clean both sides before choosing direction. If bulls defend this area, the next move could be violent and fast.
Is this the final shakeout before a squeeze higher… or just the calm before another flush?
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