Analytics Firm Warns Against a Region in Bitcoin – “An Operation That Could Trigger Stops May Be Coming”

Cryptocurrency analytics firm Alphractal has released a striking report highlighting the risks inherent in leveraged ￰0￱ to the report, 94% of traders have liquidated in the last three ￰1￱ company said many investors are unaware of the critical areas where mass liquidations are taking ￰2￱ report stated that Bitcoin's long and short positions, both low and medium leveraged, have been completely liquidated in the last 30 days, and market movements have not given traders the opportunity to close their positions even with small ￰3￱ News: South Korea Experiences Trading Volume Explosion in 14 Altcoins - Majors Take Top Three Spots The situation was no different in Ethereum; while long and short positions have been heavily liquidated in the last month, it was stated that the large liquidity pool formed at $ 4,840 on the 22nd pushed the price up rapidly, but the price rebounded sharply with the reaccumulation of long ￰4￱ also noted that the most striking point for Bitcoin is the accumulation of heavy long positions in the $104,000-$107,000 range over the past three ￰5￱ to the company, this area represents a potential liquidation area, and market makers could use these levels to push the price higher, trigger stop-loss orders, and subsequently create selling pressure.

However, Alphractal added that this isn't a hard and fast rule, simply a critical area to monitor closely. *This is not investment ￰6￱ Reading: Analytics Firm Warns Against a Region in Bitcoin – “An Operation That Could Trigger Stops May Be Coming”