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. ๐Ÿ“ˆ This highlights considerable upward pressure if momentum builds.

Conversely, a 10% dump for $BTC would see approximately $6.86 billion in long positions liquidated. ๐Ÿ“‰ 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.

#BTC #Bitcoin #Liquidations #GregLens