Bitcoin is only $1,000 away from the previous bull market peak, and the liquidation map is "bursting beyond bursting."

GateUser-6433627c · 2026-02-05T11:56:15+00:00

Bitcoin returns to the $60,000 range after 456 days, just $1,000 below the all-time high. Total liquidation on the network reaches $948 million, mainly from long positions. Market liquidation intensity is lower than in the past, indicating that whether prices rise or fall, the risk of liquidation remains relatively limited.

GateUser-6433627c

2026-02-05 11:56:15

Abstract generation in progress

On February 5th, according to CEX market data, Bitcoin re-entered the $60,000 range after 456 days, just $1,000 away from the November 1, 2021, peak of $69,000 during the last bull market. In the past 24 hours, the entire network experienced $948 million in liquidations, with $790 million from long positions. The liquidation map shows that in the recent continuous decline, there are “no more爆” (no more爆), and the open interest for long contracts below is limited. If Bitcoin falls below $65,000, the mainstream CEXs will see a total long liquidation strength of $780 million. If Bitcoin breaks through $73,000, the mainstream CEXs will see a total short liquidation strength of $930 million. Both are below the scale of over $1 billion in previous similar wide-range intervals, indicating no significant liquidation strength whether the market moves up or down. BlockBeats note: The liquidation map does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation map represent the relative importance, or strength, of each liquidation cluster compared to nearby clusters.

BTC-6,81%

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