Cryptocurrency Liquidations Reach $290 Million… Bitcoin Enters Long Position Defense Zone

# $287.93 Million Liquidated in Crypto Futures Within 24 Hours Approximately $287.93 million worth of positions were liquidated in the cryptocurrency perpetual futures market over the past 24 hours, according to data from Coinglass. The liquidation impacted a total of 122,506 traders, with short positions being largely affected in Bitcoin(BTC) and Ethereum(ETH). Despite concerns surrounding former President Donald Trump's tariff policies, rising prices in major assets appeared to drive losses for short-position traders who had bet on price declines. Bitcoin(BTC) recorded liquidations totaling $75.63 million, while Ethereum(ETH) saw $47.88 million liquidated. Conversely, liquidations for altcoins largely skewed toward long positions. The single largest liquidation event occurred on Binance, where a long position in ACTUSDT futures valued at $3.79 million was forcibly closed. # Bitcoin Faces Heavy Leverage Around $84K–$86K Range Bitcoin currently shows a dense concentration of leveraged positions between the $84,000 and $86,000 levels, according to Coinglass' leverage liquidation heatmap. This range has been identified as a critical zone with the potential for increased short-term price volatility. Breaking it down further, short positions are heavily concentrated in the $85,500–$86,000 range, while long positions dominate the $84,000–$84,500 range. Bitcoin is currently trading around $84,240, positioning it within the primary defensive zone for long traders. If Bitcoin's price drops below $84,000, a wave of long position liquidations (a long squeeze) could ensue. On the other hand, if the price maintains support and successfully rebounds, it could trigger a short squeeze, forcing liquidations of the upper-level short positions. Analysts have noted that Bitcoin has entered a key inflection zone where both short and long leveraged positions are clashing. Traders are advised to adopt strategic approaches, remaining flexible to either outcome—a potential short squeeze or long squeeze—based on market developments.