Editor's PiCK
If Bitcoin Falls Below $103,000, $763 Million in Long Positions Will Be Liquidated
Uk Jin
Summary
- BlockBits reported that if the price of Bitcoin falls below $103,000, approximately $763 million in long positions are expected to be liquidated.
- If it breaks above $105,000, about $33.96 million in short positions will be liquidated.
- Currently, Bitcoin is trading at $104,153.
If Bitcoin (BTC) falls below $103,000, long positions (bullish bets) worth a total of $763 million are expected to be liquidated.
On the 1st (KST), BlockBits reported, citing CoinGlass data, that if Bitcoin's price drops below $103,000 on this day, $763 million in long positions on global centralized exchanges (CEX) will be liquidated.
On the other hand, if Bitcoin breaks above $105,000, about $33.96 million in short positions (bearish bets) will be liquidated.
As of 11:25 AM today, Bitcoin is trading at $104,153 on the world’s largest exchange, Binance, up 0.33% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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