Bitcoin

<ul><li>Bitcoin&#39;s liquidation map shows significant long position risks around $59,287.</li><li>Strong long liquidation pressure around $59,287 highlights potential market volatility.</li><li>Binance, OKX, and Bybit contribute significantly to Bitcoin&#39;s long liquidation pressure.</li></ul>Bitcoin&#39;s current trading landscape shows significant liquidation activity across major exchanges. The Bitcoin Exchange <a href="https://www.coinglass.com/pro/futures/LiquidationMap" rel="noopener noreferrer nofollow">Liquidation Map</a> highlights these key price points where long and short positions face liquidations.At the price around <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$59,287</a> at press time, the liquidation map reveals a clear pattern. The cumulative short liquidation leverage, represented by the green line, increases as <a href="https://cryptotale.org/bitcoin-dips-below-63k-dogecoin-and-ethereum-struggle/" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price rises. This trend suggests a buildup of short positions betting on a price decline. On the other hand, the red line, representing cumulative long liquidation leverage, shows a steady decline as the price rises. This indicates fewer long positions being liquidated, suggesting a stronger long sentiment in the market.The map further breaks down liquidation activity across major exchanges like Binance, OKX, and Bybit. Each exchange displays its own liquidation data, with varying levels of leverage and activity. The yellow, orange, and blue bars correspond to the liquidation levels on these exchanges, providing insights into where significant liquidations might occur. Binance shows a concentration of liquidations near the $59,287 level, while OKX and Bybit have broader distributions.<a href="https://cryptotale.org/bitcoin-liquidation-map-highlights-strong-long-position-risk/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Liquidation Map Highlights Strong Long Position Risk

CryptoTale

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