The alert underscores the fragile state of Bitcoin’s current support level and the potential impact of market movements on investor positions. Data from CoinGlass has recently shown that $13.21 million in long positions have already been liquidated, which serves as a stark reminder of the crypto market’s volatility.
Investors are now on high alert, watching Bitcoin’s price action closely. The possibility of such a substantial liquidation event has put additional pressure on traders to remain vigilant and well-informed as they navigate through potential price dips in an already unpredictable market.
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Source: Cryptocurrency - investing.com
