Based

2024

Bitcoin

Million

According to <a href="https://coinmarketcap.com/currencies/bitcoin/#Chart" target="_blank" rel="noopener nofollow">data from CoinMarketCap,</a> Bitcoin (BTC) has<a href="https://www.newsbtc.com/bitcoin-news/bitcoin-flies-above-46500-watch-extreme-greed/" target="_blank" rel="noopener "> maintained its upward price trajectory</a> over the last day, gaining by 4.04% to briefly trade above the $48,000 mark. As BTC now hovers around the $47,100 price zone, investors and market experts remain highly speculative about the token’s next action. On that note, popular analyst Ali Martinez has called a major prediction that could spell weighty losses for many investors.&nbsp; 
<h2 id="strong-liquidity-hunters-target-45-810-in-potential-bitcoin-price-manipulation-plot-strong">Liquidity Hunters Target $45,810 In Potential Bitcoin Price Manipulation Plot&nbsp;</h2> 
In an <a href="https://x.com/ali_charts/status/1755937824409309231?s=20" target="_blank" rel="noopener nofollow">X post on Friday</a>, Martinez predicted an incoming dip in Bitcoin’s price driven by a planned liquidation. Using data from the cryptocurrency futures trading platform, CoinGlass, the analyst stated the Bitcoin liquidation heatmap indicated that there is potential strategic liquidation in play. 
<blockquote class="twitter-tweet"> 
 According to the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Bitcoin</a> liquidation heatmap, there’s a potential strategy unfolding where liquidity hunters could drive the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$BTC</a> down to $45,810. This move is aimed at triggering liquidations amounting to $54.73 million! <a href="https://t.co/monFlZmvQ6" rel="nofollow">pic.twitter.com/monFlZmvQ6</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1755937824409309231?ref_src=twsrc%5Etfw" rel="nofollow">February 9, 2024</a>
</blockquote> 
Martinez stated that liquidity hunters in the BTC market could be looking to push the token’s price as low as $45,810 for personal benefits. For context, liquidity hunters are traders or investors who actively seek opportunities in the financial markets to exploit changes in liquidity.&nbsp; 
This set of market players often targets specific price levels where there is a concentration of stop-loss orders or where market liquidity is expected to be thin. By triggering liquidations or capitalizing on price movements, liquidity hunters aim to profit from short-term market inefficiencies.&nbsp; 
According to Martinez, the liquidity hunters in the BTC market are currently looking to induce an estimated 3% decline in the token’s price. While this change may seem minimal, it represents an astounding $54.73 million in liquidations. Based on these numbers, BTC traders and investors should be wary of potentially significant losses in the coming days.&nbsp; 
<h2 id="strong-btc-price-overview-strong">BTC Price Overview&nbsp;</h2> 
The premier cryptocurrency has recently taken flight, gaining by 8.6% in the last two days after a flat period of consolidation stretching to the beginning of February.&nbsp;Interestingly, the asset’s pathway to higher gains appears more confident with recent developments in the Bitcoin spot ETF market, which recorded a total net flow of $403 million on February 8 – the highest value of that metric since January 17.&nbsp; 
At the time of writing, Bitcoin trades at $47,238, with a 0.26% gain in the last hour. Meanwhile, the coin’s daily trading volume has soared by 56.33% and is now valued at $39.42 billion. In addition, BTC maintains its top spot in the crypto market with a total market cap of $924.67 billion.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-large" src="https://www.tradingview.com/x/7c3vJ25q/" alt="Bitcoin" width="1479" height="893">BTC trading at $47,229 on the daily chart | Source:<a href="https://www.tradingview.com/chart/xg17RJqK/" target="_blank" rel="noopener nofollow"> BTCUSDT chart on Tradingview.com</a>

Bitcoin Price Faces Threat As Analyst Foresees $55 Million Liquidation

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