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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.
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