LIVE
MR RAEES OFFICIAL
--
Bullish
What Bitcoin needs for a move to $70K...?
At press time, Bitcoin was trading at $67,719.75, reflecting a marginal 0.42% decline in the past 24 hours.
Approximately $2.2 billion worth of long positions set to be liquidated if the price drops to $63,200, while about $2.4 billion in short positions face liquidation if BTC surges to $70,000.
If the price drops to trigger long liquidations, it may intensify selling pressure, leading to further downside momentum as traders unwind their positions.
Conversely, short liquidations resulting from a price increase to $70,000 could prompt a short squeeze, causing rapid upward movement as traders rush to cover their positions.
These liquidation levels act as critical points in the market, potentially amplifying price volatility and contributing to swift and substantial price movements
#BinanceMenaSquare #BTC #TrendingTopic #Launchpool #HalvingHorizons
At press time, Bitcoin was trading at $67,719.75, reflecting a marginal 0.42% decline in the past 24 hours.
Approximately $2.2 billion worth of long positions set to be liquidated if the price drops to $63,200, while about $2.4 billion in short positions face liquidation if BTC surges to $70,000.
If the price drops to trigger long liquidations, it may intensify selling pressure, leading to further downside momentum as traders unwind their positions.
Conversely, short liquidations resulting from a price increase to $70,000 could prompt a short squeeze, causing rapid upward movement as traders rush to cover their positions.
These liquidation levels act as critical points in the market, potentially amplifying price volatility and contributing to swift and substantial price movements
#BinanceMenaSquare #BTC #TrendingTopic #Launchpool #HalvingHorizons
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0