Bitcoin Touching This Level Could Trigger $33M In Liquidations, Warns Crypto Analyst
Apr 08, 2024
Renowned crypto analyst Ali Martinez has issued a warning regarding potential liquidations amounting to $33 million on derivative exchanges if Bitcoin‘s (CRYPTO: BTC) price reaches $70,190. What Happened: Martinez, a popular figure in the field of technical and on-chain crypto analysis, shared this alert via X, formerly known as Twitter. He pointed out that these potential liquidations would be set off if Bitcoin’s price ascended to the specified target. He said, “Around $33 million will be liquidated across derivative exchanges if #Bitcoin jumps to $70,190!” Around $33 million will be liquidated across derivative exchanges if #Bitcoin jumps to $70,190! pic.twitter.com/nXorxlwfjF — Ali (@ali_charts) April 7, 2024 Price Action: At the time of writing this article, Bitcoin is trading at $69,336.8, reflecting a 0.45% increase over the past 24 hours, according to the data from Benzinga Pro. The market also indicates notable liquidation figures across various timeframes. According to the data from Coinglass, in the ...Full story available on Benzinga.com
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