Fluctuations in the price of Bitcoin may trigger large-scale liquidation.
According to the data from Coinglass on July 21st, based on the price trend of Bitcoin, there may be a large-scale liquidation. If the price of Bitcoin rises above $70,000, it is expected that short positions worth $1.522 billion will be liquidated. Conversely, if the price of Bitcoin falls to around $64,000, it is estimated that approximately $1.382 billion in long positions will be liquidated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: GLMR rises over 14%, CHZ hits today's new high
Data: The market cap of euro stablecoins has doubled in the past year, reaching approximately $683 million.
MiniDoge participates in Art Basel, connecting global art and crypto ecosystem collaborations
Trending news
MoreCrypto prices
More
