Bitcoin is only $1,000 away from the previous bull market peak, and the liquidation map has been "fully tapped out."

BlockBeats News, February 5th. According to HTX market data, Bitcoin returned to the $60,000 range after 456 days, just $1,000 away from the previous bull market high of $69,000 on November 1, 2021.

In the past 24 hours, the entire network has seen $948 million in liquidations, with long liquidations totaling $790 million. The liquidation map shows that in the recent continuous downtrend, there has been "nothing left to liquidate" as the open long positions below are limited. If Bitcoin falls below $65,000, the cumulative long liquidation strength on major CEXs is $780 million. If Bitcoin surpasses $73,000, the cumulative short liquidation strength on major CEXs is $930 million, both lower than the previously seen $1 billion liquidation scale in a similar price range. In the future, whether up or down, there is no significant liquidation intensity.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, i.e., strength.