👀👀Bitcoin (BTC) Investors Attention: These Two Levels Are Very Critical! There is a Risk of $1.2 Billion! 👀👀

Bitcoin$BTC

(BTC) has been on the rise following the FED's 50 basis point interest rate cut last week, while short investors who were expecting a decline were in a difficult situation.

While investors are trying to predict the direction of BTC, according to data from cryptocurrency tracking platform Coinglass, Bitcoin's price movements are about to trigger significant liquidation events on mainstream cryptocurrency exchanges (CEX). "If Bitcoin falls below $62,000, long positions worth $1.242 billion will be liquidated. On the other hand, if Bitcoin rises above $65,000, BTC short positions worth $651 million will be liquidated on CEXs." According to current data, $164.9 million worth of leveraged transactions were liquidated in the last 24 hours; $87.9 million of this was long and $77 million was short.

In addition, 63,257 traders were liquidated in the last 24 hours, with the largest liquidation occurring in Binance's ETH/USDT transaction.

My dear friends, please do not withhold your free support. I try to bring you such news instantly. My only request from you is that if there is someone who still does not follow me, I would be happy if they did. Please do not miss your likes on my articles and posts. Thank you.