The Bitcoin futures market is facing a potential massive liquidation, with $179.70 million worth of Bitcoin at risk if the price rises to $61,498. This liquidation is significant as it represents a large portion of the open interest in the market. Leverage is a key factor in market volatility, and the liquidation event could lead to a wider market selloff and increased volatility in the crypto space. However, for long-term investors, the liquidation could present a buying opportunity, as it may result in lower prices. Traders should exercise caution, especially those using high levels of leverage.



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