Bitcoin’s $172 Million Liquidation Risk Is Closer Than It Looks
Main Idea
Bitcoin faces a potential $172 million liquidation risk if its price falls toward the monthly 'maximum pain' zone near $109,736, with key support levels at $115,254 and $114,887.
Key Points
1. Around $172 million in Bitcoin long positions could be at risk if BTC drops 5.8% to $109,736.
2. Liquidation data from the past 24 hours shows $284.59 million in total liquidations, with Solana leading at $103.05 million.
3. Key support levels for Bitcoin are currently at $115,254 and $114,887.
4. A single large ETH/USDC position worth $3.29 million was liquidated recently.
5. Short exposure for Bitcoin peaked at $120,429, totaling approximately $281 million.
Description
$172 million liquidation tsunami threatens Bitcoin buyers should this happen
$BTC
$115736.0
-2.06%
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