Leveraged Bitcoin buyers had almost no room beneath them at 11:00 UTC on Nov 2. $BTC traded at $77,945, and the nearest estimated long liquidation level was $77,905, just under the price.
Estimated exposure leans to the downside. Within 3% of price, more modeled liquidation levels belong to long positions than to shorts. The largest modeled long cluster sits further down, at $75,447.
Above, the first modeled short level is $78,452 and the largest is $80,819. Those are the prices where traders betting on a fall would be forced to buy back.
Estimated exposure leans to the downside. Within 3% of price, more modeled liquidation levels belong to long positions than to shorts. The largest modeled long cluster sits further down, at $75,447.
Above, the first modeled short level is $78,452 and the largest is $80,819. Those are the prices where traders betting on a fall would be forced to buy back.
