Bitcoin Liquidation Heatmap Puts $64.6K in Focus
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CoinStats - Bitcoin Liquidation Heatmap Puts $64.6K in Fo...
The post Bitcoin Liquidation Heatmap Puts $64.6K in Focus appeared first on Coinpedia Fintech News Bitcoin is approaching an important liquidity zone as leveraged traders continue to shape short-term price action. Recent liquidation heatmap data shows sizable clusters on both sides of the market, leaving traders watching whether BTC moves higher to trigger short liquidations or slips lower into leveraged long positions. The immediate upside are…
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BITRSSBitcoin Liquidation Heatmap Puts $64.6K in Focus
The post Bitcoin Liquidation Heatmap Puts $64.6K in Focus appeared first on Coinpedia Fintech News Bitcoin is approaching an important liquidity zone as leveraged traders continue to shape short-term price action. Recent liquidation heatmap data shows sizable clusters on both sides of the market,...
Bitcoin regained the level of $64,000 after reacting strongly since the monthly opening near $62,700, in a movement that, although it seems to confirm a recovery of the price, presents signs of fragility. Analysis of the derivative data of the main exchanges shows that the rebound was accompanied by a shift to negative financing rates on several platforms, a configuration that could favor a settlement of short positions. The movement takes on sp…
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