Crazy price movements.

BTC price dropped to $64,000 last night, liquidating $436 million in long positions.
Then, BTC immediately surged back above $66,000, liquidating $70 million in short positions.
A total of $500 million was liquidated in just 24 hours.
But this is just the beginning…
At the $64,000 - $66,000 level, most liquidity has been released. Only a small amount remains at $64,000, setting the stage for another liquidation wave.
However, at the $68,000 - $71,000 level, there is a large accumulation of liquidity clusters, making it likely that we will return to this zone next.
The bulls may react here.