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Bitcoin Faces Crucial Test as $525 Million Buy Wall Meets Liquidation Zone Between $60,500 and $65,000
A substantial $525 million Bitcoin buy wall has formed, intersecting a critical liquidation zone between $60,500 and $65,000.

A substantial $525 million Bitcoin buy wall has formed, intersecting a critical liquidation zone between $60,500 and $65,000.

Strive asserts that the recent sharp selloff in digital credit products was a liquidation event, not a credit crisis, despite exposing market growing pains.

Bitcoin's recent climb above $63,000 led to the liquidation of $540 million in short positions, marking the highest such event in seven weeks.

Bitcoin has experienced a sharp 17% decline over four days, triggering $4.5 billion in liquidations and raising concerns about its ability to hold the $60,000 support level.