Quick Take
The use of a liquidation map as a tool for understanding investor leverage has been effectively demonstrated by Coinglass. This approach involves plotting liquidation levels in correlation with Bitcoin’s price.
There’s a substantial grouping of potential liquidations that stands out just below the $30,000 benchmark, stretching as low as $29,000. What’s especially remarkable about these liquidation levels is the intense level of leverage used, which could be as high as 50 to 100 times.
When we divert our attention above the $30,000 level, we find a marked scarcity of liquidation points until we hit $31,400. It is important to clarify that this data corresponds to the BTC/USDT pair on the Binance platform.
The post Large cluster of leveraged Bitcoin bets at risk of liquidation appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/large-cluster-of-leveraged-bitcoin-bets-in-danger-of-liquidation/
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- Source: https://bitcoinethereumnews.com/bitcoin/large-cluster-of-leveraged-bitcoin-bets-at-risk-of-liquidation/?utm_source=rss&utm_medium=rss&utm_campaign=large-cluster-of-leveraged-bitcoin-bets-at-risk-of-liquidation
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