CandleFocus Bitcoin (BTC) Investors on the Lookout: These Two Levels Are Critical! There is a Risk of $1.8 Billion!
2024-11-28
Author: Content Editor
The price of Bitcoin dropped to $90,000 after almost reaching $100,000 but recovered to $95,000. Coinglass, a cryptocurrency tracking platform, predicts that if the price of Bitcoin falls below $94,000, $1.05 billion in long positions will be liquidated. On the other hand, if Bitcoin rises above $97,000, $811 million in short positions will be liquidated. In the past 24 hours, $280 million in leveraged transactions were liquidated, with $113.4 million in long positions and $167.3 million in short positions being liquidated. The largest liquidation occurred in an ETH/USD transaction on BitMEX.
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