Bitcoin Price Forecast
#Bitcoin (Bitcoin-BTC) dominance has risen after one of the most severe blows the crypto market has faced recently due to the liquidation of leveraged positions exceeding one billion dollars, while the BTC currency is currently trading around the level of $104,957, with a slight decrease of 0.17% yesterday, as traders reassess their risk appetite.
According to data from Coinglass, more than 247,000 traders were liquidated within 24 hours, with the most notable of these liquidations being speculative positions on the rise in Bitcoin's price valued at $200 million on the Binance platform, which is considered the largest liquidation event of this year. In this event, the Binance and Bybit platforms were the biggest affected, together accounting for $834 million of the liquidated positions.
