The market is experiencing severe fluctuations, with significant losses for long positions; the risk of liquidation for BTC is notable.
In the past 24 hours, the cryptocurrency market has seen significant volatility, with BTC prices trending lower and the liquidation amount exceeding $217 million, primarily impacting long positions. Particularly, the popular new coin $LA experienced a sharp correction followed by a quick rebound, while the IP concept coin $LABUBU saw a substantial decline, dragging down market sentiment. According to the BTC/USDT liquidation map, at the current price level of 104715 USDT, there is enormous liquidation pressure within a two-thousand-point range: if it drops to 102715, it could trigger over $660 million in long liquidations; if it rises to 106715, it may trigger over $530 million in short liquidations. The leverage risk for long positions is higher than for short positions, so it is recommended that investors manage their positions wisely and respond cautiously to sudden fluctuations.
