Bitcoin

Bitcoin&#39;s price has surged past $82k, reaching a new record high. The current trajectory of Bitcoin highlights possibilities of a $1 billion liquidation if it falls to the support level, $77,253. According to analyst Ali Martinez, a drop to the $77.2k range could trigger nearly $1 billion in liquidations, posing a significant risk to traders with 100x leveraged positions.Key Support Level: $77,253The crucial support level for<a href="https://cryptotale.org/bitcoin-fog-founder-faces-12-5-years-of-prison-sentence/" rel="noopener noreferrer nofollow"> Bitcoin</a> is at $77,253, where there is the concentration of a large number of open long positions with high leverage. A drop to this level suggests that it may trigger long liquidations, thereby increasing selling pressure which would inevitably force the price down drastically. This bulls’ region, thus, provides a strategic barrier for traders as a move towards $77,253 may cause higher volatility.<a href="https://cryptotale.org/nearly-1b-in-liquidations-loom-if-bitcoin-falls-to-77250/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Nearly $1B in Liquidations Loom if Bitcoin Falls to $77,250

CryptoTale

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