Analyst \u2018Reflection\u2019 warned of a brutal Bitcoin liquidation cascade below $59,000, claiming over $1.6 billion in long leverage is stacked in one zone around $58,000 based on CoinGlass data.<\/p>\n
\u201cIn all my years trading, I\u2019ve never seen this much long-side liquidity stacked in one single zone,\u201d they said on Wednesday.<\/p>\n
That liquidation zone is not far away, as Bitcoin fell<\/a> to $59,175 on Wednesday, matching its early June low.<\/p>\n The analyst continued to warn that \u201cEvery influencer who screamed \u2018the bottom is already in\u2019 is about to get liquidated.\u201d\u00a0They attached a liquidity heatmap video that visually demonstrates dense long-side positions, framing the potential wipeout as a classic liquidity hunt that historically forms macro bottoms.<\/p>\n \u201cWhen that liquidity gets taken, there\u2019s nothing left to dump. That\u2019s how every macro bottom has formed.\u201d<\/p>\n Over the past 24 hours, around 178,000 traders were liquidated, with the total liquidations coming in at $984 million, according to CoinGlass. More than 80% of them were long positions.<\/p>\n DUMP BELOW $59,000 WILL BE BRUTAL<\/p>\n In all my years trading, I\u2019ve NEVER seen this much long-side liquidity stacked in one single zone<\/p>\n More than $1.6 BILLION in longs gets wiped if price loses $58,000<\/p>\n Do you understand how much that is?<\/p>\n $1.6 billion in leveraged bets, gone -\u2026 https:\/\/t.co\/kO2kGamdDw<\/a> pic.twitter.com\/WMDK9LIdQr<\/a><\/p>\n \u2014 Reflection (@0xReflection) June 24, 2026<\/a><\/p>\n\n CryptoQuant analyst \u2018Darkfost\u2019 observed<\/a> that yearly realized profits eventually fall below the level of realized losses in every bear market.<\/p>\n \u201cIt is precisely at that moment that capitulation reaches its bear market peak,\u201d they said.<\/p>\n Currently, the annual average of realized profits remains above realized losses, at $305 billion versus $198 billion, suggesting that further losses are imminent in a final capitulation.<\/p>\n \u201cThe market suggests that capitulation could extend further, to the point where annual realized losses become dominant.\u201d<\/p>\n Meanwhile, permabull \u2018Sykodelic\u2019 observed<\/a> that Bitcoin has now reached only 46% of the supply in profit, which equals the 2022 bear market low.\u00a0However, in this cycle, BTC reached this level after a 52% drop, compared to 2022, which was a 75% drop.<\/p>\n Bitcoin hit its lowest level<\/a> for almost two years yesterday, just above $59,000.\u00a0Asian trading on Thursday morning saw a minor recovery to reclaim $61,000, where it trades at the time of writing.<\/p>\n The $60,000 level is key long-term resistance, with two-year lows around $54,000 being the next major leg down should the predicted liquidity cascade unfold.<\/p>\n Additionally, previous bear market bottoms have also seen a dip below the realized price, which is currently a little over $53,000.<\/p>\n The post Brutal Bitcoin Liquidation Cascade Imminent Below $59K, Warns Analyst<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Analyst \u2018Reflection\u2019 warned of a brutal Bitcoin liquidation cascade below $59,000, claiming over $1.6 billion in long leverage is stacked in one zone around $58,000 based on CoinGlass data. \u201cIn all my years trading, I\u2019ve never seen this much long-side liquidity stacked in one single zone,\u201d they said on Wednesday. That liquidation zone is not […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-186850","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186850"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=186850"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/186850\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=186850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=186850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=186850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Everyone will get liquidated<\/h2>\n
BTC Price Outlook<\/h2>\n