Large cluster of leveraged Bitcoin bets at risk of liquidation

2023-7-5 18:00

Quick Take

The use of a liquidation map as a tool for understanding investor leverage has been effectively demonstrated by Coinglass. This approach involves plotting liquidation levels in correlation with Bitcoin’s price.

There’s a substantial grouping of potential liquidations that stands out just below the $30,000 benchmark, stretching as low as $29,000. What’s especially remarkable about these liquidation levels is the intense level of leverage used, which could be as high as 50 to 100 times.

When we divert our attention above the $30,000 level, we find a marked scarcity of liquidation points until we hit $31,400. It is important to clarify that this data corresponds to the BTC/USDT pair on the Binance platform.

The post Large cluster of leveraged Bitcoin bets at risk of liquidation appeared first on CryptoSlate.

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liquidation bitcoin approach coinglass demonstrated effectively involves

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Crypto liquidation breakdown – 77,548 traders hit by $307M liquidation, Bitcoin and Ethereum lead losses

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Фото:

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2021-6-18 07:30


Фото:

Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation

Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened. ” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin.

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Фото:

$1.62 Billion Long Positions Liquidated in 24 Hours as BTC Dips Below $55k

Bitcoin’s recent dip below $55k has led to heavy losses of crypto investors’ funds, with $1.62 billion long crypto positions liquidated within 24hours. In the early hours of the day, Bitcoin’s price, as well as that of many altcoins, went on a rollercoaster—yet again—resulting in massive liquidation volumes across the board.  BTC went from $57,800Read More

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