Bitcoin Experiences Severe Volatility Over the Weekend, $922 Million Liquidated Across the Crypto Market

$BTC just experienced a highly volatile weekend, sweeping both sides of the market.
Last night, Bitcoin fell below the $66,000 mark, leading to around $230 million in long positions being liquidated. This drop has made many believe that the bears have completely taken control and the market may continue to plunge deeper.
But just a few hours later, the market quickly changed direction.
This morning, BTC bounced back above 68,000 USD, causing about 185 million USD in short positions to be liquidated. This indicates that the market is still in an extremely sensitive state, where both buyers and sellers are continuously caught in unexpected liquidity sweeps.
Specifically over this weekend, the entire crypto market recorded approximately 922 million USD being liquidated. This figure clearly reflects the level of chaos currently, as price volatility is not just strong but also occurs in a 'two-sided' manner, making leveraged traders very easy to be taken out of the game.
At this moment, the area below 64,000–66,000 USD still contains a significant amount of liquidity and could potentially become a target if the price turns back down.
However, the area above is the more noteworthy one. The 69,000–72,000 USD zone currently has a liquidity level nearly double, making it a price range with a higher probability for the market to target in the next move.
In my view, the bulls are not entirely out of the game yet. They can still launch another counterattack.
#BTC