Bitcoin risks $1.3B in liquidations if it drops below $93K support amid trade war concerns.


#Million $ANLOG Launchpool Airdrop is Live #Has the Market Bottomed Out?

That would be a significant event in the crypto market. If Bitcoin drops below $93,000, it could trigger over $1.3 billion in liquidations, likely leading to further volatility. This situation is exacerbated by concerns over a potential trade war, which could impact global financial markets and investor sentiment.

A cascading liquidation event like this could push Bitcoin even lower, as leveraged positions get wiped out. On the other hand, strong buying interest at key support levels might prevent a deeper decline. Do you think macroeconomic factors, like interest rate decisions or inflation data, are playing a role in Bitcoin’s current price action?
ANLOG-4.65%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
MrPaGalvip
· 02-09 03:20
HODL Tight 💪HODL Tight 💪
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)