Bitcoin Liquidation Alert: $540 Million Longs vs. $1.6 Billion Shorts at Risk

Quick Summary:

If Bitcoin drops below $90,000, mainstream centralized exchanges could see long liquidations worth approximately $540 million.

Bitcoin’s current market position places it in a precarious spot, with potential for significant liquidations.

Conversely, if it surpasses $93,000, short positions could be liquidated for around $1.605 billion.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: Price Analysis Market News Cryptocurrency News Market Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 12:12:45 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 133 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23696786

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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