"Bitcoin to Liquidate Large Long Positions if it Falls Below $82,700"

Son Min

Summary

It was stated that if Bitcoin falls below $82,700, a large liquidation of long positions worth $543.84 million could occur.
The current Bitcoin price is $85,190, up 2.41% from 24 hours ago.
In the past 24 hours, long positions worth $11.06 million and short positions worth $58.62 million have been liquidated in Bitcoin perpetual futures.

An analysis has emerged suggesting that if Bitcoin (BTC) falls below $82,700, long (buy) positions worth $500 million could be liquidated.

On the 13th (local time), cryptocurrency analyst Ali Martinez stated on X, "If Bitcoin falls to $82,700, a large liquidation of long positions could occur," noting that it amounts to a staggering $543.84 million. $82,700 is approximately 3.05% lower than the current Bitcoin price.

Meanwhile, according to CoinGlass data, the liquidation size of Bitcoin perpetual futures in the past 24 hours is $69.68 million. Among these, the liquidation amounts for long and short (sell) positions are $11.06 million and $58.62 million, respectively.

As of 11:12 AM, Bitcoin is trading at $85,190 on the Binance USDT market, up 2.41% from 24 hours ago.

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