Bitcoin Liquidations Surge — Market Under Pressure

Over the past few hours, the market has seen a sharp shakeout as volatility kicks in.

In just 4 hours, more than $112M in long positions were liquidated as BTC dropped from $73.8K to $71.5K — a clear sign of aggressive downside pressure.

📊 24H Liquidation Breakdown:
• Total: $303.47M
• Longs: $166.56M
• Shorts: $136.91M
• Traders wiped out: 103K+

This kind of wipeout shows how crowded the long side had become — and how quickly sentiment can flip when momentum shifts.

📉 Current Market Structure
Bitcoin is now hovering around a key confluence zone:
• MA7 Daily Support
• Strong horizontal support: $71.1K – $71.4K

This area is critical. A clean hold here could stabilize price and attract buyers back in.

⚠️ What to Watch Next
If selling pressure continues and this support fails, the next likely downside target sits around $69K, where previous demand could step in.

On the flip side, holding this level could signal a short-term bottom and potential relief bounce.

👀 Bottom Line
The market is at a decision point:
• Hold = Possible bounce & consolidation
• Break = Further downside & panic selling

Stay sharp — volatility is back, and the next move could be decisive.