- Bitcoin shows key liquidation levels around $57,160, indicating potential price risks.
- Solana’s liquidation levels highlight critical price zones near $135 amid market volatility.
- Ethereum and Binance Coin display significant liquidation risks at $2,406 and $560 respectively.
Crypto trader MartyParty shared a snapshot of liquidation levels across several cryptocurrencies. The data offers crucial insights for Bitcoin (BTC), Solana (SOL), Sui (SUI), Ethereum (ETH), Binance Coin (BNB), and Toncoin (TON). The chart shows price levels where significant liquidations are likely, providing valuable information for market analysis.
Bitcoin’s Liquidation Zones: A Closer Look
Bitcoin (BTC) currently trading around $57,160, has liquidation walls at various levels. The chart shows significant liquidity at $60,800, which could act as a key resistance point. The depth of liquidation orders around $56,000 suggests a potential support zone. These zones are crucial for traders looking to enter or exit the market.
The high concentration of liquidation levels near $54,200 suggests that the market could experience increased volatility. Traders should be cautious around these levels, as they could trigger large swings in Bitcoin’s price. The liquidations at both the upper and lower ends help traders identify potential breakout or breakdown points.
Solana, Sui, Ethereum, Binance Coin, and TON: Liquidation Hotspots
Solana (SOL) was hovering at $135, showing heavy liquidation zones around $140. Solana has been one of the most active cryptocurrencies, and these zones indicate areas where traders may see significant price action. The lower boundary around $128 shows a potential support level.
Sui (SUI) remains steady at $0.8195, with a key liquidation level near $0.87. The chart highlights a strong support level at $0.72, indicating that traders should watch for movements near this price.
Ethereum (ETH) was trading around $2,406, with large liquidation walls at $2,630. The data suggests that if Ethereum breaks through this resistance, it could see a stronger upward trend. On the downside, support remains strong around $2,280.
Binance Coin (BNB) is hovering at $560, with notable liquidation levels near $590. The chart shows a solid support level at $530, which traders are likely monitoring closely. Lastly, TON is trading near $5, with liquidation levels at both $5.35 and $4.36. This range indicates that TON could experience increased volatility as it moves between these points.
Navigating the Market with Liquidation Insights
Understanding these liquidation levels helps traders make informed decisions, especially in volatile market conditions. These insights can guide traders as they look for optimal entry and exit points in the cryptocurrency market.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
