Bitcoin is facing a major test!

Is $69,000 the threshold to heaven or hell?

100 million short orders vs. 293 million long orders!

Which side will suffer huge losses?

Be careful! Bitcoin is about to face a critical test. $69,000 has become a crucial price. A fierce showdown between short orders and long orders is about to begin!

According to the latest data, if Bitcoin can successfully break through the resistance level of $69,000, short orders on mainstream centralized exchanges (CEX) will face huge pressure! The cumulative liquidation amount will be as high as 101 million, which is tantamount to a storm in the financial market! It can be imagined that those short-selling investors may have begun to feel nervous and anxious.

However, if Bitcoin fails to break through and falls below the support level of $68,000, investors holding long orders will face huge losses! The liquidation amount of long orders on mainstream CEX will surge to 293 million, which will trigger a massive sell-off in the market! The market may be hit hard and in chaos.

However, there is no need to panic too much. The liquidation chart is not an absolute death notice. It is more like an early warning tool, reminding us that when the price reaches a certain level, the market may react violently.

Those towering "liquidation columns" are like mines buried underground. Once triggered, they may cause a series of liquidity problems and lead to market turmoil.

So, facing this big test of Bitcoin, are you ready? Do you choose to short or hold long orders? $BTC