Greed

Bitcoin

Million

Coin

<ul class="news-points">
 <li>Coinglass data shows traders risk $385M liquidation if Bitcoin falls below $60K.</li>
 <li>Analysts debate whether recent price dips are seasonal or a sign of deeper issues.</li>
 <li>Despite fears, the Crypto Fear and Greed Index remains in “Greed” territory, signaling investor optimism.</li>
</ul>
Bitcoin traders are on edge as data reveals a potential $385 million liquidation if the price falls to $60,000. With Bitcoin’s value trending downward and volatility increasing, the crypto market remains on edge.
The graph shared by Coinglass shows a large number of long positions at the $60,000 price level, indicating that a significant number of traders could face liquidation if the price falls below this level. This could spiral into a further price correction for Bitcoin, as these traders would be forced to sell their positions.
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeyaRyGb9Ep9Zqxtw7FNu9-Q_mXl6B9kICe65igNpLQdVzu3CqV7Y544bRhFDRKIh8dqLzTYi4gY8M-J_BroclcjuCkzkz6GGIiohGr6ojKextVrhoVStU0OstHJ5RTtKR-XSqg__seKqGT4CtohYSrB1w?key=F_6mjY1KUjg5Rzi8mGhjCA" width="369" height="190"> Source: Coinglass
Echoing a similar sentiment, Roman Trading predicted a <a href="https://x.com/Roman_Trading/status/1816332952227185052" target="_blank" rel="noopener noreferrer nofollow">fall in the price of BTC</a> below $60,000 in the next few days. He attributes his reasoning to a lack of strength in the uptrend and the need for a pullback. If the prediction is proven true, it could trigger a cascade of liquidations of $385 million in long orders on mainstream cryptocurren…
The post <a href="https://coinedition.com/bitcoin-liquidation-alert-385-million-at-risk-as-60k-support-level-nears/" rel="noopener noreferrer nofollow">Bitcoin Liquidation Alert: $385 Million at Risk as $60K Support Level Nears</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Liquidation Alert: $385 Million at Risk as $60K Support Level Nears

Coin Edition

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