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#Bitcoin Liquidation Update – Caution Ahead!
$BTC is currently trading around $111,600, but what’s important is the liquidation data!
According to Binance’s BTC/USDT liquidation map:
Cumulative Long Liquidations have spiked massively, reaching over $2.32 Billion!
Heavy long positions with 10x leverage are getting wiped out.
This suggests extreme greed and over-leveraging in the market.
Caution: When long liquidations rise like this, volatility increases and a correction might follow. Always manage your risk and avoid chasing pumps blindly.
#Bitcoin #BTC #CoinglassData
$BTC is currently trading around $111,600, but what’s important is the liquidation data!
According to Binance’s BTC/USDT liquidation map:
Cumulative Long Liquidations have spiked massively, reaching over $2.32 Billion!
Heavy long positions with 10x leverage are getting wiped out.
This suggests extreme greed and over-leveraging in the market.
Caution: When long liquidations rise like this, volatility increases and a correction might follow. Always manage your risk and avoid chasing pumps blindly.
#Bitcoin #BTC #CoinglassData
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