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.