The shorts have revealed their trump cards: 63,971 and 65,100, two numbers that decide life or death.
This morning, some couldn't sleep, while others woke up laughing.
At dawn, two major BTC short whales, just 3 seconds apart, simultaneously rolled their positions and increased their stakes.
Together, they added 585.3 BTC, about $36.83 million, at an average price of $62,935.
This is no coincidence.
It's the same group, using the same script, betting on the same direction.
Come, I'll reveal their trump cards one by one.
🔴 Short cost zone: ~ $64,030
The two whales shorted a total of 2,675 BTC, with positions valued at $169 million.
The address starting with 0x8c96 shorted 1,600 BTC at 22x leverage, with an average entry price of $64,051 and liquidation price at $65,128.
The address starting with 0x431f shorted 1,075 BTC at 22x leverage, with an average entry price of $64,030 and liquidation price at $65,103.
Their costs are almost identical, liquidation prices nearly the same, and the time difference in adding positions is only 3 seconds.
This is not two independent decisions. It's one operator managing multiple accounts.
Currently, their combined unrealized profit is about $2.62 million.
🟡 Stop-loss trigger zone: $63,971
The "reduce only" stop-loss market orders for both positions are uniformly set to trigger at $63,971.
They cover a total of 1,003.1 BTC, corresponding to $64.17 million at the trigger price, accounting for 37.5% of their total positions.
If the price rebounds here, $64.17 million in buy orders will flood in instantly—this is the shorts insuring themselves.
🔴 Short liquidation zone: ~ $65,100
If the price breaks above $65,100, the $169 million short positions will face forced liquidation.
🟢 Short target zone: $58,123 - $58,423
Take-profit trigger prices are set at $58,123 and $58,423 respectively.
They not only want to make money, they want to smash the price below 60,000.
The current game boils down to one question—
Do the bulls have the strength to push the price past 65,100? Do the shorts have the power to crash it down to 58,000?
Don't rush, it's not over yet.
The whole network data is even scarier: if BTC breaks above $65,917, the cumulative short liquidation intensity on major CEXs will reach $315 million. If BTC falls below $60,392, the cumulative long liquidation intensity on major CEXs will also reach $315 million.
Both sides have a knife hanging over their heads. Whoever drops first dies.
The Fear & Greed Index today is 30, in a "fear" state, down 5 points from yesterday. Market sentiment is low but not extreme.
Fear often signals smart money positioning.
But note—over the past 24 hours, the whole network liquidations totaled $79.75 million, with short liquidations accounting for $2.46 million, a significantly higher proportion.
Shorts are making money but are also being liquidated.
Operational suggestions (not investment advice, purely tactical map):
First, closely watch volume changes around $63,971.
If the price touches here but doesn't rebound with volume—it means stop-loss orders have been absorbed, and shorts may continue to add and push down.
Second, if the price breaks above $63,400 with volume and holds, the shorts' defense line starts to weaken.
Third, $65,100 is the shorts' lifeline. Once volume breaks through, the $169 million short positions will cascade liquidate, and no one knows how far the short squeeze will push the price.
Fourth, if the price heads toward 58,000—don't bottom-fish, wait for the take-profit orders to release first.
The shorts have shown you their trump cards.
How to play it, you decide.
This is not investment advice. Just a battlefield map.
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