👀👀Bitcoin (BTC) Investors on the Lookout: These Two Levels Are Very Critical! There is a Risk of $1.8 Billion! 👀👀
Liquidation Movement in Bitcoin: $1 Billion Long Position Will Be Liquidated Below $94,000
The leading cryptocurrency Bitcoin (BTC) fell to $90,000 with a sudden drop while approaching $100,000 levels in the past weeks. However, with the subsequent recovery, Bitcoin reached $95,000 levels again. While investors are trying to predict the future price movements of BTC, remarkable data came from the cryptocurrency tracking platform Coinglass.
Liquidation Threat According to Coinglass Data
According to the latest data from Coinglass, Bitcoin’s price movements are preparing to lead to significant liquidations on mainstream cryptocurrency exchanges (CEX). The platform made the following statements in a statement:
“If the Bitcoin price falls below $94,000, $1.05 billion worth of long positions will be liquidated. On the other hand, if the BTC price exceeds $97,000, $811 million worth of BTC short positions will be liquidated.”
Large Liquidations in Leveraged Trading
In the last 24 hours, $280 million worth of leveraged transactions were liquidated. Of these liquidations, $113.4 million originated from long positions and $167.3 million originated from short positions. In addition, 98,394 traders were liquidated in the last 24 hours, with the largest liquidation transaction occurring on BitMEX in the ETH/USD pair.
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