BTC sees $1.2 billion in long liquidations in a single day—Is anyone still entering the market? Three key levels determine the next move

After pulling back from its high, BTC rebounded quickly and is currently fluctuating around $64,000. In the past 24 hours, liquidations across the network amounted to about $1.6 billion, with long positions accounting for nearly $1.2 billion, showing that yesterday’s FOMO capital has already been washed out once. However, the market has not completely turned weak yet: * BTC: around $64,000 * ETH: around $1,920 * Long/short ratio: about 1.74, longs still have the advantage * Funding rate: has rebounded to +1bp, long capital is re-entering, but there is no extreme crowding The core issue right now: Short-term FOMO capital has been flushed out, but whether large capital will step in still requires price confirmation. Pay attention to three levels: $64,000 area If it retests and stabilizes here, a rebound opportunity can be observed. If it breaks below, it indicates insufficient short-term support. $65,000 If it regains this level, it means the market has regained a strong structure, and a breakout towards the $66,000–$67,000 area can be watched. $62,000 If it breaks below this, it means the current rebound has failed, and positions need to be reassessed. Upcoming key focuses: 1. Will the US-Iran situation continue to escalate: Geopolitical risk is still the largest variable. 2. Long/short ratio changes: If longs continue to increase, beware of another washout. 3. Whether trading volume can expand: Gains without capital following are likely to retrace again. Don’t just focus on price rises and drops; you can set price alerts in advance: * BTC: $62,000 / $64,000 / $65,000 price alerts * ETH: $1,850 / $2,000 price alerts The current market is more like “waiting for direction after flushing out FOMO capital.” The key is not guessing price rises or drops, but waiting for prices to reach key levels before taking action.