As Bitcoin approaches the $70,000 threshold, the liquidation risks on mainstream exchanges are coming into focus. According to data from an on-chain analysis platform, if Bitcoin rises from its current level and surpasses $70,000, a short position worth approximately $828 million could be liquidated all at once.
On the other hand, a downside scenario also presents concerns. If Bitcoin adjusts to around $66,000, there is a high likelihood that long positions totaling about $1.069 billion will be liquidated as well.
The presence of liquidation pressures in both directions creates an environment
View Original