Bitcoin is trading around $59,900, with liquidation data showing significantly more leveraged short positions above the current price than long positions below it. More than $5.3 billion in cumulative short liquidation leverage is concentrated between $60,372 and $67,500, while about $1.1 billion in long liquidation leverage sits near $56,978. The liquidation clusters highlight key price levels that could influence near-term volatility. Traders will watch whether Bitcoin moves higher to trigger short liquidations or falls toward the major long liquidation zone.
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