The firm MarktQuant recently presented an analysis of market events for Bitcoin, Ethereum, and Solana, focusing on liquidation heatmaps highlighting key price levels for potential market movements.
Bitcoin Liquidation Positions
According to MarktQuant, Bitcoin shows a significant concentration of long liquidations around the $90,000 level, identifying this level as a critical downside target. However, most short liquidations have been cleared to $99,000. While a near-term reversal seems likely, analysts note that there is still a possibility that Bitcoin could test the $101,000 short liquidation cluster before a significant downside move occurs.
Ethereum Liquidation Levels
Ethereum’s liquidation patterns suggest that short liquidations at current levels are insufficient to sustain upward momentum. Meanwhile, long liquidations are increasingly clustering around the $3,300 level, marking that level as a possible pullback target. “This growing cluster suggests that a pullback to $3,300 is a realistic possibility in the near-term,” the analysis concluded.
Solana Liquidation Analysis
For Solana, the $185 price level stands out due to a significant long liquidation cluster. MarktQuant notes that liquidation volume at this level exceeds all other price zones, making it a key downside target if the market weakens.
Despite current market conditions, MarktQuant analysts recommend caution and patience when approaching these key liquidation levels for Bitcoin, Ethereum, and Solana to assess the potential for subsequent market movements.
