#Liquidation

3 articles

Deep Market Analysis July 9: BTC Crashes 3.5% Loses 200-Week MA, $310M Long Liquidations with Funding Rates Negative, $60K Is the Last Line of Defense for Bulls

Bitcoin crashes 3.5% to $61.4K, losing the critical 200-week MA ($62,445) and invalidating the July rally as a failed breakout. The US-Iran ceasefire collapse and hawkish FOMC minutes create a dual shock triggering $310M in long liquidations. $60K is the last line of defense — losing it opens $56K-$58K. Four scenarios with trading strategies. On-chain data shows NUPL approaching cycle-bottom levels, only 46% of supply in profit, whales still accumulating.