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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/25/2026

$530M Bitcoin Buy Wall Forms at $60.5K Amid Liquidation Volatility

What happened: As Bitcoin approached $59,000, a buy wall of $525–530M (8,366 BTC) formed between $60,500 and $61,500, according to Velo Chart data.

$530M Bitcoin Buy Wall Forms at $60.5K Amid Liquidation Volatility

What happened: As Bitcoin approached $59,000, a buy wall of $525–530M (8,366 BTC) formed between $60,500 and $61,500, according to Velo Chart data. Roughly $270M in buy orders were triggered as the price dipped below $61,000. The June 24 daily close at $62,700 marked the lowest since June 10. Meanwhile, long liquidations topped $125M in a single hour, and $2.4B in short positions remain vulnerable near $65,000. Crypto trader Lennaert Snyder flagged $61,500 and $60,500 as key support, with $63,500–$64,000 as potential upside targets.

Why it matters: The presence of a large buy wall suggests significant demand at lower levels, but such walls can be withdrawn quickly in spoofing-prone markets. With billions in short positions stacked above, a rapid price move could trigger a short squeeze. However, the overall sentiment remains cautious, with traders unconvinced that a durable bounce is imminent. The interplay between spot demand and derivatives positioning will likely dictate near-term volatility.

Source: Cointelegraph