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.
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