Bitcoin is currently trading near the $74,000 mark, caught between two significant leverage clusters revealed by CW’s liquidation heatmap on CoinAnk. The heatmap shows strong concentrations of high-leverage positions at $72,000 on the downside and $76,000 on the upside, with price recently declining from the $77,000–$78,000 zone and now moving sideways.
CW noted that these liquidity zones could trigger sharp moves if Bitcoin’s price breaks toward either level, as liquidations of large leveraged positions may cascade. Meanwhile, technical analyst Daan Crypto Trades highlighted that BTC is testing its bull market support band, which currently sits between $74,148 and $78,042. After a failed retest of this band, Bitcoin slipped below it, while the weekly 200 EMA ($68,917) and 200 MA ($61,624) continue to rise, forming broader support.
According to Daan Crypto Trades, BTC may consolidate within a wide range of $60,000 to $80,000 in the near term, as multiple major weekly averages converge near the current price.
