**THIS IS NOT COMPLETELY FINANCIAL ADVICE**
Guys, let’s consider that as the Bitcoin Liquidation indicates, a price drop to $56,000 could potentially liquidate approximately $10 billion in long positions. Conversely, if the price surges to $76,000, around $4 billion in short positions may face liquidation. Traders are keeping a close eye on these crucial levels, as substantial market swings could significantly impact their positions.
It is more trigger than we think at the moment situation. Given the current market conditions, it appears more likely that Bitcoin will test the $76,000 resistance level before experiencing a correction that wipes out the $10 billion in long positions. However, traders must remain vigilant and prepared for any eventuality in this dynamic and unpredictable market.
What do you guys think?$BTC $SOL