Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Bitcoin Reach $67,000 As Major Liquidation Levels Loom?
Bitcoin

Will Bitcoin Reach $67,000 As Major Liquidation Levels Loom?

2024-10-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • The highest liquidation level for Bitcoin was $67,000.
  • There was a generational change among these major investors in Bitcoin.

The cryptocurrency market is always curious about the key levels for Bitcoin [BTC]especially during periods of high volatility.

Currently, it is expected that Bitcoin could see a significant move due to large liquidation levels, which could force traders to take decisive actions.

Over the past week, BTC has seen a notable concentration of long positions on major exchanges, creating large liquidation pools.

The key Bitcoin level is at $60,000, but when the analysis was extended to two weeks, the $67,000 zone emerged as the highest liquidation level.

Source: Alpharactal

This indicates that Bitcoin could potentially move into this zone as its price tends to trend towards areas of high liquidity over time.

Bitcoin has also shown resilience when examining technical indicators. The cryptocurrency has managed to maintain its position above the bull market support band for another week.

It has not achieved three consecutive weekly closes above this level since May, but there is hope that bulls can push the price further from here. This is especially important given the recent consolidation in the market.

Source: TradingView

Bitcoin is also relatively strong compared to stocks, making the $67,000 target look increasingly attainable.

BTC whales and active addresses

Another factor to consider is the changing landscape of Bitcoin whales. There is currently a generational change taking place among these major investors.

New whales have invested $108 billion in Bitcoin since its inception, while older whales hold $113 billion.

See also  Bitcoin whales rake in 20,000 BTC worth $2 billion in 24 hours

The ratio between these groups is decreasing and new whales are slowly gaining influence.

This shift suggests new money is entering the market, which could push the price of BTC higher over time, although the market remains unpredictable.

Source: CryptoQuant

In terms of on-chain metrics, Bitcoin’s number of active addresses has recently seen a resurgence after an 11-month downward trend.

Although the predictive power of this measure has declined over the past four years, it remains an important indicator of network activity.

The reduced correlation between active addresses and price is likely due to several factors.

This includes the rise of ETF flows as a key price driver, increased payment activity on L2s such as the Lightning Network, and changes in on-chain behavior driven by innovations such as Ordinals and NFTs.

Source: Jamie Coutts, CMT


Read Bitcoin’s [BTC] Price forecast 2024–2025


While there is optimism that Bitcoin could surpass its all-time high during this cycle, a corresponding increase in the number of active addresses on the base chain would help validate the growing value of the network.

Because Bitcoin functions as a global monetary network, it exhibits organic network growth across all metrics. With the right conditions, BTC could soon be on its way to testing the $67K level.

Next: Turbo crypto gains 49% in 3 days – Small dip after this?

Source link

Bitcoin Levels liquidation Loom Major Reach
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18
Add A Comment

Comments are closed.

Top Posts

How Ethereum has jeopardized the DeFi market

2023-06-11

Agriculture needs blockchain

2024-07-03

CoreDAO unveils revised developer documentation

2024-06-24
Editors Picks

Ubisoft returns to the NFT game with an unchanging partnership

2023-12-09

Avalanche Nears Breakout – Top Analyst Sets $420 Target for AVAX This Cycle

2024-11-10

What Is Sharding?

2023-06-13

BTC Whales Are Taking A Backseat But Investors Can Keep Calm Because…

2023-05-27

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,037.96-0.77%
  • ethereumEthereum(ETH)$2,403.97-3.93%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.31-3.30%
  • binancecoinBNB(BNB)$640.21-0.80%
  • solanaSolana(SOL)$161.30-5.60%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217086-2.31%
  • cardanoCardano(ADA)$0.72-4.53%
  • tronTRON(TRX)$0.262543-3.50%
  • suiSui(SUI)$3.66-4.29%
  • chainlinkChainlink(LINK)$15.21-2.98%
  • avalanche-2Avalanche(AVAX)$21.65-5.82%
  • stellarStellar(XLM)$0.280297-3.40%
  • hyperliquidHyperliquid(HYPE)$25.39-4.49%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.11%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.98%
  • hedera-hashgraphHedera(HBAR)$0.187123-3.52%
  • bitcoin-cashBitcoin Cash(BCH)$383.04-4.15%
  • the-open-networkToncoin(TON)$2.98-3.67%
  • litecoinLitecoin(LTC)$95.39-3.00%
  • polkadotPolkadot(DOT)$4.50-5.22%
  • moneroMonero(XMR)$345.541.69%
  • bitget-tokenBitget Token(BGB)$5.16-1.56%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-3.73%
  • piPi(PI)$0.72-2.44%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.74-2.96%
  • bittensorBittensor(TAO)$392.93-7.02%
  • aaveAave(AAVE)$220.95-1.84%
  • nearNEAR Protocol(NEAR)$2.68-3.07%
  • aptosAptos(APT)$4.98-4.01%
  • okbOKB(OKB)$51.96-2.24%
  • ondo-financeOndo(ONDO)$0.89-4.48%
  • kaspaKaspa(KAS)$0.104520-5.96%
  • ethereum-classicEthereum Classic(ETC)$17.74-3.74%
  • internet-computerInternet Computer(ICP)$5.05-3.80%
  • gatechain-tokenGateToken(GT)$21.36-0.93%
  • crypto-com-chainCronos(CRO)$0.094247-4.71%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.47-3.75%
  • mantleMantle(MNT)$0.73-1.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231046-2.74%
  • vechainVeChain(VET)$0.027156-4.41%
  • render-tokenRender(RENDER)$4.40-5.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.351029-6.71%
  • filecoinFilecoin(FIL)$2.78-3.36%
  • algorandAlgorand(ALGO)$0.213850-3.85%
  • cosmosCosmos(ATOM)$4.64-3.21%
  • bitcoinBitcoin(BTC)$103,037.96-0.77%
  • ethereumEthereum(ETH)$2,403.97-3.93%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.31-3.30%
  • binancecoinBNB(BNB)$640.21-0.80%
  • solanaSolana(SOL)$161.30-5.60%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217086-2.31%
  • cardanoCardano(ADA)$0.72-4.53%
  • tronTRON(TRX)$0.262543-3.50%
  • suiSui(SUI)$3.66-4.29%
  • chainlinkChainlink(LINK)$15.21-2.98%
  • avalanche-2Avalanche(AVAX)$21.65-5.82%
  • stellarStellar(XLM)$0.280297-3.40%
  • hyperliquidHyperliquid(HYPE)$25.39-4.49%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.11%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.98%
  • hedera-hashgraphHedera(HBAR)$0.187123-3.52%
  • bitcoin-cashBitcoin Cash(BCH)$383.04-4.15%
  • the-open-networkToncoin(TON)$2.98-3.67%
  • litecoinLitecoin(LTC)$95.39-3.00%
  • polkadotPolkadot(DOT)$4.50-5.22%
  • moneroMonero(XMR)$345.541.69%
  • bitget-tokenBitget Token(BGB)$5.16-1.56%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-3.73%
  • piPi(PI)$0.72-2.44%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.74-2.96%
  • bittensorBittensor(TAO)$392.93-7.02%
  • aaveAave(AAVE)$220.95-1.84%
  • nearNEAR Protocol(NEAR)$2.68-3.07%
  • aptosAptos(APT)$4.98-4.01%
  • okbOKB(OKB)$51.96-2.24%
  • ondo-financeOndo(ONDO)$0.89-4.48%
  • kaspaKaspa(KAS)$0.104520-5.96%
  • ethereum-classicEthereum Classic(ETC)$17.74-3.74%
  • internet-computerInternet Computer(ICP)$5.05-3.80%
  • gatechain-tokenGateToken(GT)$21.36-0.93%
  • crypto-com-chainCronos(CRO)$0.094247-4.71%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.47-3.75%
  • mantleMantle(MNT)$0.73-1.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231046-2.74%
  • vechainVeChain(VET)$0.027156-4.41%
  • render-tokenRender(RENDER)$4.40-5.35%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • ethenaEthena(ENA)$0.351029-6.71%
  • filecoinFilecoin(FIL)$2.78-3.36%
  • algorandAlgorand(ALGO)$0.213850-3.85%
  • cosmosCosmos(ATOM)$4.64-3.21%