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Bitcoin’s $82,700 Price Level Triggers $543M Liquidation Risk
As the cryptocurrency market continues to fluctuate, a recent analysis has highlighted a crucial price level that could lead to significant liquidation risks. According to recent data, if Bitcoin were to dip below $82,700, long positions valued at $543.84 million would be exposed to potential liquidation.
The findings indicate that an estimated $8.26 million of 50x leveraged positions and $31.50 million of 100x leveraged positions are at risk. This staggering amount highlights the substantial leverage present in the market, which could amplify volatility and create a scenario for rapid price movements.
It is essential to keep a close eye on Bitcoin’s price action as it approaches this critical level. If the cryptocurrency drops below $82,700, the potential for liquidation would be substantial, leading to unforeseen consequences.
Source: https://cryptonewsland.com/bitcoins-82700-price-level-triggers-543m-liquidation-risk/
