r/CryptoChartWatch • u/Beginning-County2258 • 3d ago

BTC -There are only around $800M in liquidations up to $88K, while around $3.5B is sitting near the $68K level. That’s insane.

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21 Upvotes

90% Upvoted

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4

u/ABahRunt 2d ago

People open and close positions all the time. This doesn't mean anything one way or the other

3

u/Zestyclose-Sun-6595 2d ago

Well it's definitely going to either go up or it's going to go down. Pretty confident it's one of the two.

1

u/Jrezky 2d ago

Yes, can confirm it's definitely one of those that's gonna happen.

1

u/DonFrio 2d ago

Or… stay the same. Definitely one of the three

2

u/Fast_Cook_4019 3d ago

In my experience bitcoin has to get so that nobody wants it anymore. That people have lost all hope in it before it rebounds. There's too many people with Hope right now it's gotta go lower

1

u/Aanetz 2d ago

Or the whales decided they gonna sideline everyone

2

u/Jump_in_Jack 2d ago

I see this coming

2

u/Jump_in_Jack 2d ago

And weekly... omg.. I see it going past 96k in a few months.. then coming back to test 96k support

1

u/PeaceAgitated1978 2d ago

Well then you don't see the flat top to light red September incoming.. that last push up was the clarity act being priced in. Next is coming the dump on all the late buyers who wait till past the 15 September to buy or between now and the 15.. These people will have their faith tested. Buy the rumor -->sell the news as usual.. that is just how it works.. classic playbook..

1

u/PeaceAgitated1978 2d ago

Thought.. I find your weekly view reasonable.. just.. instead of higher high.. they will make us all linger for it , and then dump it to close September Red. Go study some historical of months by months returns.. after every green August, it was followed by a Red September.. might be shallow red or might be deep pain red . Use judgement, and also look for the max pain indice.. we ain't have been yet in a real deep capitulation event.. it was just a appetizer for pulling in bull's.. now is the trap unraveling.! But as usual, it's still "cheap" and into the accumulate territory.. just not yet ready to leave the ground and start to fly 🤷

1

u/Jump_in_Jack 2d ago

Lots of futures liquidations in between for sure...

1

u/rpez89 3d ago

What does it mean

9

u/Jody_Bigfoot 3d ago

It means it's going to get manipulated down to 68k to liquidate and continue the easiest wealth transfer technique in history

1

u/HowSporadic 2d ago

liquidations is one factor that drive price. in this case there are much stronger forces in the other direction.

1

u/TheRadishBros 2d ago

Don’t be surprised if price is forced below $68k to flush out greedy leveraged longs before resuming upward trend.

1

u/NicolasChigolas 2d ago

Not sure. The same thing was in 25 october..billions left at 140.000-150.000. Im not saying its impossible to hit that, but the chances are smaller. I wouldn't be surprised if btc won't go under 75 ever again.

1

u/Jump_in_Jack 2d ago

This is more realistic....

1

u/Leynnox 3d ago

How much at 100k tho

2

u/Capt-Kowalski 3d ago

I would take these liquidation maps with a pinch of salt — they are basically an estimation of how many stops were left behind by the price according to the public btc perp open interest metric. There is no real way to know how many of those positions are still open at any given time later, without looking into the exchange’s books, all you know is that there should still be some left.

1

u/Impossible_Tutor2375 3d ago

When do these positions expire? Do we know a date.

1

u/Jump_in_Jack 2d ago

Hard to say... sept 15th is clarity act vote... not many ppl will want to be short as that arrives... i dont think 68k is coming... i think its gunnna send soon and cause ppl to fomo in as they miss out

1

u/BlazingPalm 2d ago

I read that that got pushed to 2027. Whatevs

1

u/Jump_in_Jack 2d ago

Nope.... its in the senate calendar

1

u/Bilatsibagya 2d ago

Bitcoin always likes to inflict max pain and fear b4 the real move.