Bitcoin is only $1,000 away from the last all-time high of $69,000 during the bull market, the liquidation map shows that it has already been "overleveraged."

**Bitcoin Reclaims $60k Range After 456 Days, Nears 2021 All-Time High** February 5th data from HTX shows Bitcoin has climbed back into the $60,000 price range for the first time in 456 days—only $1,000 below its November 1, 2021 bull market peak of $69,000. Over the past 24 hours, the entire crypto market saw $948 million in liquidations, with long positions accounting for $790 million of those totals. Liquidation charts indicate the recent extended downtrend has left “little left to liquidate,” as open long positions below current levels are scarce. Key liquidation levels to watch: - A drop below $65,000 would trigger $780 million in long position liquidations on mainstream centralized exchanges (CEXs). - A break above $73,000 would lead to $930 million in short position liquidations on major CEXs. Both figures are lower than the $1 billion+ liquidation volumes seen in similar price ranges historically, suggesting minimal liquidation pressure ahead—whether prices move up or down. **BlockBeats Note**: Liquidation charts do not display the exact number or value of contracts pending or already liquidated. Instead, the bars represent the relative importance of each liquidation cluster compared to adjacent clusters—meaning they indicate intensity, not absolute volumes.