Is BTC breaking through just a line away? The 65,000 threshold: is it a golden pit or a deep abyss?
The recent market conditions are indeed trying.
Just after the largest quarterly options expiration in history, BTC hasn't even had a moment to catch its breath before being splashed with 'cold water' from continuous ETF outflows. Originally thought that 70,000 dollars was the starting point, but now everyone is watching the psychological defense line of 65,000.
Currently, there are three details worth savoring:
1. Large order flow and liquidation map:
Currently, more than 3 billion dollars of leveraged long positions are lurking below 65,000 dollars. For the main players (market makers), this is like a piece of fat meat. Once it falls below 65,000, it could easily trigger a chain liquidation, and the price may quickly plunge towards the 63,000-64,000 region.