There’s a lot of leverage sitting around Bitcoin right now. 👀
If $BTC reaches $85K, around $5.2B in short positions could be liquidated.
On the other side, a drop to $75K could wipe out roughly $4.6B in longs.
Basically, both sides are heavily positioned, so the next big move could trigger a serious liquidation cascade. The question is: which side gets hit first?
#BTCReaches$80000
If $BTC reaches $85K, around $5.2B in short positions could be liquidated.
On the other side, a drop to $75K could wipe out roughly $4.6B in longs.
Basically, both sides are heavily positioned, so the next big move could trigger a serious liquidation cascade. The question is: which side gets hit first?
#BTCReaches$80000
