Bitcoin long liquidation pressure
A drop in Bitcoin’s price below $95,000 could trigger long liquidation pressure on mainstream centralized exchanges, potentially reaching $723 million. This scenario underscores the risks associated with significant price declines in the cryptocurrency market. When Bitcoin’s value decreases, it can lead to a cascade of liquidations, affecting traders who hold long positions. Market participants are closely monitoring these levels, as large sell-offs can further impact market stability. The cryptocurrency community remains vigilant, given the volatility that can accompany price movements.
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