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<p>We're still in an extremely over-leveraged market.

Just look how quickly the $BTC heatmap reloads with short liquidity after a single red candle.

One flush is all it takes.

That said, there's now a significant short liquidation cluster building around $64K.

Interestingly, that's also where yesterday's relief rally topped out.

If BTC can reclaim that region, I'd expect those shorts to become fuel for a relatively aggressive squeeze higher.

For now, $64K remains the level I'd be watching.</p>

We're still in an extremely over-leveraged market.
Just look how quickly the $BTC heatmap reloads with short liquidity after a single red candle.
One flush is all it takes.
That said, there's now a significant short liquidation cluster building around $64K.
Interestingly, that's also where yesterday's relief rally topped out.
If BTC can reclaim that region, I'd expect those shorts to become fuel for a relatively aggressive squeeze higher.
For now, $64K remains the level I'd be watching.

We're still in an extremely over-leveraged market. Just look how quickly the $BTC heatmap reloads with short liquidity after a single red candle. One flush is all it takes. That said, there's now a significant short liquidation cluster building around $64K. Interestingly, that's also where yesterday's relief rally topped out. If BTC can reclaim that region, I'd expect those shorts to become fuel for a relatively aggressive squeeze higher. For now, $64K remains the level I'd be watching.

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