Bitcoin

While Bitcoin (BTC) surged after the Fed cut interest rates by 50 basis points last week, short investors who expected a decline were left in the lurch.
As investors try to predict which direction BTC will move, Bitcoin’s price movements are set to trigger major liquidation events on mainstream cryptocurrency exchanges (CEX), according to the latest data from cryptocurrency tracking platform Coinglass.
“At this point, if it falls below $62,000, $1.242 billion worth of long positions will be liquidated.
In contrast, $651 million worth of BTC short positions on CEXs will be liquidated if Bitcoin rises above $65,000.”
According to current data, $164.9 million worth of leveraged transactions were liquid in the last 24 hours, while $87.9 million worth of long positions and $77 million worth of short positions were liquid.
Again, while 63,257 traders were liquidated in the last 24 hours, the largest liquidation occurred in an ETH/USDT transaction on Binance.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-investors-attention-these-two-levels-are-very-critical-there-is-a-risk-of-1-2-billion/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Investors Attention: These Two Levels Are Very Critical! There is a Risk of $1.2 Billion!</a>

Bitcoin (BTC) Investors Attention: These Two Levels Are Very Critical! There is a Risk of $1.2 Billion!

Bitcoin Sistemi EN

2024년 9월 23일에 게재된 다른 기사

Cryptos see $321M in weekly inflows as Bitcoin shines and Ether tumbles

ParaFi Capital Chooses Avalanche for Tokenization of its $1.2B Fund

Michael Saylor's MicroStrategy to Issue $700M in Senior Convertible Notes to Buy More Bitcoin

AI Token Surge: TAO, FET, and RENDER on the Rise for Potential Gains This Week

Investment managers eye ‘extraordinary upside’ from BTC options debut

Hamster Kombat Airdrops 60B Tokens, Only 43% Eligible

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!