Massive Long Liquidation in $BTC - Binance Market!
$114K Liquidated at $96,488.70!
The $BTC market just saw a huge liquidation, with a staggering $114K worth of long positions being liquidated when the price reached $96,488.70.
This sharp price movement is causing major turbulence, and traders who were betting on Bitcoin’s rise are feeling the pain of the sudden drop.
What’s happening?
A long liquidation occurs when traders who expect the price to go up are forced to sell once the market moves against them.
In this case, the $114K worth of positions being liquidated at $96,488.70 shows selling pressure building up and causing a downward shift in price.
Key Stats:
Liquidated Amount: $114K
Price at Liquidation: $96,488.70
Market: $BTC
Event Type: Long Liquidation
What’s next?
Momentum Shift: With such a massive liquidation, the price could continue to fall if more traders are forced to exit their positions.
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