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Bitcoin Price Movements: $56K Triggering $487M Long Liquidations, $60K Leading to $526M Short Liquidations Coinotag 16 Sep 2024

Bitcoin Price Movements: $56K Triggering $487M Long Liquidations, $60K Leading to $526M Short Liquidations 💹

CoinGlass Bitcoin CoinOtag

According to Coinglass data reported by COINOTAG on September 16, Bitcoin's price movements could lead to significant liquidations.

If Bitcoin's price dips below $56,000, it may trigger cumulative long liquidations amounting to $487 million.

Conversely, if Bitcoin's price rises above $60,000, it could result in short liquidations totaling $526 million.

Source: en.coinotag.com ↗

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