Bitcoin [BTC] has climbed to $57,700, but volatility continues to shake the market. A major Bitcoin whale is on the brink of liquidating **488.45 WBTC** (worth $28 million) on Compound [COMP], with a health ratio of **1.07** and a liquidation price set at **$50,429**.
The uncertainty surrounding BTC's recent price action has left traders on edge, especially as whale activity increases the stakes. If Bitcoin's price falls closer to the liquidation level, further downside risks could emerge, affecting both BTC and the broader crypto market.
Stay alert, traders! 🌊
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