On May 27, data showed that the cryptocurrency market liquidated a total of $211 million in the past 24 hours, with long position liquidations reaching $131 million, significantly higher than short position liquidations ($79.84 million), indicating concentrated liquidation of leveraged long funds during the market downturn. From BTC's liquidation heat map, a large number of liquidation records and capital inflows were observed at the $108,000 price range, showing a clear liquidity support zone. The market subsequently rebounded, suggesting main force absorption at the low point. However, there is significant liquidation pressure in the $110,800-$112,000 range.
Bitunix analysts suggest: After BTC formed support at $108,000 and rebounded, short-term attention should focus on the support effect at $108,500-$109,000, and chasing highs is not recommended. It is advised to observe whether the $110,800-$112,000 pressure zone can be effectively broken before considering subsequent positioning. Caution is needed as falling below $108,000 again may trigger a new wave of liquidations, and risk control should be strictly implemented. If subsequent capital cannot continue to enter the market, the trend may weaken again.
