BTC and ETH Liquidation Volumes Hit Record Levels Amid Price

Traders are actively opening long positions on the growth of Bitcoin and Ethereum, which creates significant liquidation volumes during sharp price drops.

Risk of Mass Sell-offs

The liquidation map analysis shows a high concentration of long positions. If the BTC price drops to around $71,700, the volume of forced long closures will exceed $5.67 billion. This indicates the market's high sensitivity to a drop below this mark.

Altcoin Situation

Ethereum is also at risk of massive liquidations. A drop in ETH price to approximately $2,070 will result in the liquidation of long positions worth over $2.88 billion. Traders use these levels to assess potential volatility.

Key Risk Levels:

• BTC: LONG liquidations will exceed $5.67 billion at ~$71,700
• ETH: LONG liquidations will exceed $2.88 billion at ~$2,070