Bitcoin Liquidations: $24 Million at Risk if BTC Drops to $54,230
CryptoNewsTerminal Staff09 Sep, 2024
Bitcoin Liquidations: $24 Million at Risk if BTC Drops to $54,230
Bitcoin Liquidations: $24 Million at Risk if BTC Drops to $54,230 According to crypto analyst and trader Ali Martinez, if Bitcoin (BTC) falls to $54,230, it could trigger $24 million worth of liquidations on Binance. He stated that this drop would liquidate over 17,000 BTC positions. Liquidations occur when traders are forced to sell their assets due to unfavorable market conditions. This forced selling can further drive down the price of the asset, leading to a cascade effect. It's important to note that market predictions can be uncertain, and traders should exercise caution and conduct thorough research before making any investment decisions.
