$9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits This Level
The crypto market is on high alert as the possibility of further upward momentum in the Bitcoin price threatens to trigger a massive wave of liquidations. New data suggests that $9.41 billion worth of short positions could be wiped out if Bitcoin reaches the $90,000 price high. Short Sellers Face Potential Wipe Out At $90,000 […]
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Bitcoin is approaching a critical juncture as market data reveals a massive long liquidation imbalance, with an estimated $15 billion in leveraged positions sitting below the current price. This concentration of downside liquidity creates a high-risk environment where even a modest drop could trigger cascading liquidations. How Bitcoin’s Liquidity Structure Suggests Volatility Ahead Bitcoin is developing one of the most extreme liquidation imbalances, as long liquidations currently outweigh short liquidations. A crypto trader known as Max Trades on X highlighted that the current....
The shorts were liquidated after Elon Musk added "Bitcoin" to his Twitter bio and prices rose by over 15%.
Yesterday’s Twitter feud between business tycoon Elon Musk and the crypto community had far-reaching consequences that went beyond the constant verbal sparring on the popular social media site. For the crypto market, it was a disaster. Liquidation Galore In The Crypto Market According to data from ByBit, a total of $2.4 billion worth of longs […]
A sharp rise in crypto liquidations is sending a louder message of how some traders are using more leverage in recent months. Related Reading: Bitcoin Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer Average daily wipeouts have jumped from roughly $28 million in long bets and $15 million in shorts during the last cycle to about $68 million long and $45 million short in the current cycle, according to a new Glassnode and Fasanara report. That shift has made single sell-offs much more violent. Early Black Friday Shock Reports have disclosed that Oct. 10 was the....
Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on Sept. 13.There’s little doubt that shorts — traders betting on a price decrease — have taken the upper hand since the liquidation of $3.54 billion worth of long (buyers) futures....