Drop to $54K could liquidate $70M Bitcoin longs, trigger long squeeze
BTC bounced to $74k, then slipped below $70k. An analyst flags $54k as a high‑risk zone for long liquidations.
NewsBTC reports that BTC briefly hit ~$74,000 before falling back under the $70,000 mark.
Crypto analyst Ali Martinez says the aggregated liquidation heatmap shows a “hot” pocket near $54,000. He estimates more than $70 million in BTC longs could be wiped if price tags that level. Source: Ali Martinez on X.
NewsBTC also notes that ~$54,000 sits around BTC’s realized price, making it a pivotal area to watch in the coming months. Source: NewsBTC on realized price.
