BTC Market Overview

❌ Liquidations in the last 24 hours according to CoinGlass: Approximately 39k traders were liquidated, totaling around $128 million. About 30% of these were long positions, while a whopping 70% were shorts.

Despite the heavy liquidations, the market managed to bounce back from the support zone, with buyers pushing BTC up to a short-term growth range between $57k and $60k. The highest point reached so far has been $58k 📈.

Growth momentum will likely remain intact as long as the resistance zone at $60k isn't tested. However, sellers might step in around that level, putting pressure on the price again. Even at the current levels, we could see some selling if buyers fail to push through the $57k threshold.