1
100%
u/shillxbt
1 week ago
$86.7M of fresh BTC longs can liquidate 2–3% lower. Two positions account for 98% of it.
BTC is trading around $62.6K.
Among positions of at least $500K opened during the last 24 hours, $86.8M of long notional has liquidation prices roughly 2–3% below the market.
Two positions account for $85.2M of the total:
\- $52.4M with liquidation around $61.08K
\- $32.7M with liquidation around $61.10K
They were opened in the same second. The other two positions in the corridor total only $1.6M.
https:\/\/app.coinmarketman.com\/hypertracker\/perps\/BTC
So $61.1K is not where dozens of traders are collectively trapped. It is a concentrated risk node controlled by a tiny number of positions.
If those positions remain open as BTC approaches $61.1K, they could become the marginal forced sellers. If they reduce exposure or add collateral first, most of the apparent wall disappears.