As Bitcoin (BTC ($81,953.35)) $80,734 prices continue to decline, liquidation data from the major cryptocurrency exchange Binance draws attention. In the last 24 hours, there have been significant liquidations in the BTC/USDT ($1.00) pair. The heat map provided by Coinglass highlights critical liquidation levels for the largest cryptocurrency, indicating that the downward movement in Bitcoin prices has put investors using high leverage in a challenging position.
What Does Bitcoin’s Liquidation Map Reveal?
Binance’s BTC/USDT liquidation heat map shows that price movements encounter significant liquidations at critical levels. The most notable area on the map is around the $80,000 – $87,000 range, where concentrated liquidation levels trigge…
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