#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