There is a possibility that the Bitcoin (BTC) market is entering a period of high volatility ahead of a major resistance zone. Analysts suggest that a breakout or breakdown from this specific price level could trigger the liquidation of hundreds of millions of dollars worth of leveraged positions.

◆ Potential for $672.55 Million Short Liquidation Upon Upside Break According to the virtual asset analysis platform CoinGlass on the 10th, if Bitcoin surpasses $62,454, approximately $672.55 million worth of short (sell) positions accumulated on global centralized exchanges (CEXs) could face forced liquidation.

The market perceives this level as a key short-term resistance line. Observers suggest that if the price breaks through this level, a 'short squeeze' could occur, potentially drawing in additional buying pressure. A short squeeze refers to a phenomenon where short-sellers are forced to buy back the asset to minimize their losses, further amplifying the upward momentum.

◆ Estimated $353.98 Million Long Liquidation Upon Downside Fall On the other hand, the downside scenario is equally significant. CoinGlass analyzed that if Bitcoin falls below $60,738, approximately $353.98 million worth of long positions could be liquidated. This indicates that with massive leverage concentrated on both the upside and downside, the magnitude of price swings could expand.

Recently, the virtual asset market has been reacting sensitively to U.S. monetary policy outlooks and changes in risk appetite for global assets. Investors are closely watching which direction Bitcoin will choose at these key price levels, with opinions suggesting that they should prepare for the potential of increased volatility alongside higher trading volumes in the short term.

Market experts advised, "In zones where leveraged positions are excessively accumulated, even minor price changes can lead to massive liquidations," adding, "Rather than focusing solely on the price itself, it is necessary to closely monitor whether key support and resistance lines are breached."

[This article was written with the assistance of AI. This article is not intended to solicit investment. Virtual assets are subject to high volatility, and any losses resulting from investments are borne by the investor. Investment decisions and responsibilities lie with the individual, and this publication does not bear legal liability for them.]