Significant liquidation levels are in play for Bitcoin ($BTC) as market volatility continues. Traders should be aware of potential large movements on both sides.
A 10% pump in $BTC from current levels could lead to a massive $8.12 billion in short positions being liquidated. š This highlights considerable upward pressure if momentum builds.
Conversely, a 10% dump for $BTC would see approximately $6.86 billion in long positions liquidated. š This indicates substantial risk on the downside as well.
The data suggests that the 'max pain' scenario currently leans towards an upward price movement for $BTC. This implies that a move higher could trigger a larger cascade of liquidations.
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