Bitcoin Recovers to $84,000 as Liquidation Levels Draw Focus
Photo: TokenPost
Bitcoin (BTC) traded near an estimated short-liquidation cluster between $86,000 and $88,000 after recovering from its weekly low, while market data showed $26.34 million in BTC liquidations in a separate snapshot. Bitcoin closed the week of Oct. 11 near $83,773 after falling to $80,393. It was quoted at $84,044 at 3:30 a.m. ET (07:30 UTC) Oct. 12, up about 1.25% over 24 hours. At that price, the lower end of the estimated short-liquidity zone was approximately $2,000 higher, while the upper end was about $4,000 away. The map also placed estimated long-liquidity clusters around $80,000 to $82,500.
Source: TokenPost
