Glassnode: BTC Briefly Touched $60,000 to $63,000 Liquidation Cluster

On November 15, according to analysis by Glassnode, Bitcoin has dropped into the upper edge of what it calls the "pain zone," with prices briefly touching the largest liquidation cluster on the chart, located between $60,000 and $63,000.

Glassnode noted that warning signals highlighted in its on-chain weekly report for several weeks include low-volume rebounds, demand outflows, and the presence of this cluster below the current price. The accompanying image displays the liquidation distribution of Bitcoin futures across various price levels.