Bitcoin (BTC) Investors Beware: These Two Levels Are Extremely Critical! There is a Risk of Losing $1.2 Billion!
If Bitcoin’s price falls below $62,000, it could lead to the liquidation of long positions worth $1.242 billion, according to data from Coinglass. This means that investors who hold long positions would face significant losses if the price drops below this level.
On the other hand, if Bitcoin’s price rises above $65,000, it could result in the liquidation of short positions worth $651 million. This would cause losses for investors who have bet on a price decline.
The volatility in Bitcoin’s price has already led to significant liquidation events in the past 24 hours. A total of $164.9 million worth of leveraged transactions were liquidated, with $87.9 million worth of long positions and $77 million worth of short positions being liquidated.
Furthermore, 63,257 traders were liquidated in the last 24 hours, with the largest liquidation occurring in an ETH/USDT transaction on Binance.
It is important to note that this article does not provide investment advice. However, if you are interested in investing in cryptocurrencies, you can register with Binance exchange and avail a 20% commission discount.
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