Bitcoin’s $84K-$85K wall: The largest distribution zone to watch
Photo: AMBCrypto
On Sunday, the 11th of October, Bitcoin [BTC] bounced 1.68% to reach a local high of $84,199. The $84.5k local resistance was not tested. Across the crypto market, the past 24 hours saw $208.64 million in liquidations, $148.79 million of them positioned short. Short squeeze and opportunistic buy wall behind Sunday's move Bitcoin faced $50.86 million in liquidations, and $42.69 million (83.9%) worth of short positions taken out. The price pushed up toward the cluster of short liquidations around $84k before receding.
Source: AMBCrypto
