Bitcoin investors face risk of $400 million liquidation if support level breaks

Bitcoin investors face risk of $400 million liquidation if support level breaks

The alert underscores the fragile state of Bitcoin’s current support level and the potential impact of market movements on investor positions. Data from CoinGlass has recently shown that $13.21 million in long positions have already been liquidated, which serves as a stark reminder of the crypto market’s volatility.

Investors are now on high alert, watching Bitcoin’s price action closely. The possibility of such a substantial liquidation event has put additional pressure on traders to remain vigilant and well-informed as they navigate through potential price dips in an already unpredictable market.

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