Bitcoin

Burst

Delta

<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/presidential-candidate-robert-f-kennedy-jr-backs-bitcoin-and-rejects-cbdcs/" data-wpel-link="internal">Bitcoin</a></strong>‘s surge past the $44,000 mark on December 21 instilled optimism in the crypto community and signaled a potential revival for the flagship cryptocurrency. This increase was a beacon of hope, especially considering Bitcoin’s relatively stagnant performance recently. However, following the rise, warnings have started to emerge.</p> 
<h2 style="text-align: justify" id="alarm-bells-investors-called-to-exercise-caution">Alarm Bells: Investors Called to Exercise Caution</h2> 
<p style="text-align: justify">Amidst the excitement, cautionary voices are emerging, urging investors to be careful despite the price increase. According to Greatest_Trader, a contributor to CryptoQuant, Bitcoin’s recent price movement has triggered an increase in long positions, as indicated by the positive funding rate.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-292156 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/santiment-cointurk-1.png" alt="" width="2048" height="693"></p> 
<p style="text-align: justify">A positive funding rate indicates a prevalence of long positions in the market and reflects a bullish outlook. Greatest_Trader pointed out that this trend could lead to an increase in long-focused liquidations but also revealed the potential for a scenario where a rapid sell-off could significantly impact the market.</p> 
<h2 style="text-align: justify" id="liquidation-risk-identifying-critical-levels">Liquidation Risk: Identifying Critical Levels</h2> 
<p style="text-align: justify">To measure potential liquidation points, the Liquidation Levels indicator by HyblockCapital, which defines the price positions at which a trader’s position could be wiped out, showed notable developments.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-292158 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/kripto-btc-cointurk-1.png" alt="" width="1386" height="829"></p> 
<p style="text-align: justify">The chart revealed a liquidity cluster between $44,900 and $45,870. In this region, investors using high leverage face a high risk of liquidation that could trigger a reversal in Bitcoin’s price.</p> 
<h2 style="text-align: justify" id="bear-signals-cumulative-liquidation-levels-delta-clld-and-open-interest">Bear Signals: Cumulative Liquidation Levels Delta (CLLD) and Open Interest</h2> 
<p style="text-align: justify">The Cumulative Liquidation Levels Delta (CLLD) also contributed to the bearish narrative, with a positive reading indicating a potential full retracement that could push Bitcoin below $43,000. Analyzing open interest data from Coinglass, it was observed that despite a decline in Bitcoin’s value on December 18, open interest increased, suggesting an increase in downward momentum.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-292159 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/acik-pozisyon-cointurk.png" alt="" width="1374" height="383"></p> 
<p style="text-align: justify">As Bitcoin strives to reclaim the $44,000 threshold, evaluating potential price movements becomes increasingly important. The rising open interest, combined with the failure to surpass $44,000, heightens concerns of a potential drop to $42,000. Investors are advised to closely follow the market dynamics in the coming days. Bitcoin is trading at $44,077 as of writing this article.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/experts-warn-bitcoin-could-experience-a-burst-soon/" data-wpel-link="internal">https://en.coin-turk.com/experts-warn-bitcoin-could-experience-a-burst-soon/</a>

Experts Warn: Bitcoin Could Experience a Burst Soon

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