Bitcoin Investors Attention: While BTC Starts the Week on the Rise, These Two Levels Are Very Critical in the Coming Days!
According to Coinglass data, if Bitcoin rises above $66,000, $213 million worth of long positions will be liquidated.
The leading cryptocurrency Bitcoin (BTC) started the new week on the rise, with the price rising above $65,000.
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.
“According to Coinglass’s Bitcoin Exchange Liquidation Map, $109 million worth of long positions will be liquidated if Bitcoin falls below $64,000.
In contrast, $213 million worth of BTC short positions on CEXs will be liquidated if Bitcoin rises above $66,000.”
According to current data, in the last 24 hours, $193.1 million worth of leveraged transactions were liquid, while $60.8 million worth of long positions and $132.3 million worth of short positions were liquid.
Again, while 56,362 traders were liquidated in the last 24 hours, the largest liquidation occurred in the BTC/USDT transaction on OKX.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Senate Republicans pick pro-crypto John Thune as their next leader
Share link:In this post: Senate Republicans chose pro-crypto John Thune as their new leader, replacing Mitch McConnell after 18 years. Thune’s pro-free trade stance puts him at odds with Trump, especially on tariffs, which he warned could lead to inflation. Known for his support of crypto legislation, Thune co-sponsored the Digital Commodities Consumer Protection Act to bring clear regulation to the industry.
BlackRock expands BUIDL with cross-chain integration to spread investment opportunities
Share link:In this post: BlackRock announced the launch of its BUIDL across multiple blockchains on November 13. The tokenized BlackRock USD Institutional Digital Liquid Fund will expand to Aptos, Optimism, Avax, OxPolygon, and Arbitrum. BUIDL was first launched on Ethereum in March of this year, and this initiative represents an evolutionary step in tokenization.
Polymarket CEO Shayne Coplan had phone, electronics seized by the FBI
Share link:In this post: The FBI raided the home of Polymarket’s CEO Shayne Coplan, seizing a phone and electronics. The raid was considered a form of political messaging, despite Polymarket’s transparent nature and self-balancing market that cannot be manipulated. Polymarket continues to function, though with only a fraction of its open interest and daily users.
Liberland launches Space Program to drive technological innovation and global collaboration
Share link:In this post: The Free Republic of Liberland launches its space program. The country wants to pioneer technological advancement and global collaboration. The micronation is creating an open platform where nations and private entities can come together, work freely, and drive progress without the constraints of bureaucracy. The space program seeks to accelerate the development of decentralized, pro-freedom solutions in the space industry.
Trending news
MoreCrypto prices
More
