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Crypto Liquidations Top $190 Million As Bitcoin Slides Below $67,000: Can BTC Rebound?

  • In the past 24 hours, crypto liquidations worth $190 million were recorded as Bitcoin failed to break through the crucial $70,000 resistance level.
  • Bitcoin and Ethereum both experienced significant liquidations, with BTC liquidations amounting to $47.7 million and ETH liquidations to $46.2 million.
  • The majority of liquidations were long positions, indicating traders' expectations for BTC to reach a new all-time high (ATH) above $73,737.
  • Crypto analysts predict that Bitcoin will soon record a new ATH, with potential levels around $100,000 if it breaks the upper resistance near $72,000.

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