The crypto market is still under pressure. Bitcoin and many altcoins fell sharply over the past week, and momentum remains weak. Joao Wedson, CEO of crypto analytics firm Alphractal, said Bitcoin is trading just above liquidation zones where billions of dollars in leveraged positions have built up.
Longs dominate at-risk positions
Alphractal’s liquidation data shows that long positions make up about 62% of positions at risk, while shorts account for 38%. In dollar terms, roughly $36 billion in long positions and $22.5 billion in short positions carry liquidation risk. That split suggests traders have leaned bullish with leverage. It also means a quick pullback could force many of those longs to close.
Wedson noted that liquidation clusters sit just below the current Bitcoin price. If selling starts, those clusters could add pressure as forced exits hit the market.
$72,500 is the level to watch
The data points to three key liquidation zones just under Bitcoin’s price. A strong break below $72,500 is the main concern. According to Wedson, that move could set off a chain reaction and liquidate more than $1 billion in long positions.
Short liquidation clusters are farther away. The first major zone for shorts sits between $83,400 and $85,100. Those levels are roughly 12% to 15% from the current price, which suggests liquidation pressure is heavier on the downside for now.
Liquidation maps are not a price forecast
Liquidation maps do not decide where price goes next. They only show where leveraged positions are exposed. Still, the levels matter because forced selling or buying can speed up short-term moves.
For now, traders are likely to watch whether Bitcoin can hold the $72,500 support area. Price action around the upside resistance zones will also matter. A bounce could ease immediate long liquidation risk, while a breakdown could bring the $36 billion long pile into focus.
This is not investment advice.
