Details:
Position: Long (betting on a price increase).
Liquidated Amount: $96.6K.
Liquidation Price: $96,614.40 (an unusually high price for $BTC , suggesting hypothetical or reporting error).
Key Observations:
1. Unusual Price Level:
BTC's all-time high is around $69,000 (as of January 2025). A liquidation price of $96,614.40 is significantly above this.
Possible Scenarios:
Reporting Error: This data might be inaccurate.
Hypothetical Prediction: This could represent speculative data or analysis of future movements.
2. Leveraged Trading:
Liquidation at this price implies heavy leverage, magnifying the risk for the trader. Even a small downward movement would result