$BTC
Bitcoin bullish or bearish?
The Bitcoin Liquidation Map shows that if Bitcoin's price drops to $56k, about $10 billion worth of long positions might be wiped out. On the other side, if Bitcoin rises to $76k, around $4 billion in short positions could face liquidation.
This means traders are watching closely for big changes in the market. It's like a warning sign for them to prepare for possible swings in Bitcoin's price.
This situation highlights how risky and unpredictable trading can be, as even small price movements can have huge consequences for investors.