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via Cointelegraph · By Cointelegraph Staff

Bitcoin Short Liquidations Top $7.9B as $80K BTC Price Holds Firm

BTC

BTC/USDT

$60,243.99

-2.42%

$60,243.99

-2.42%

(24s)

24h Volume

$33,693,139,016.36

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

68.5%

Long: 68.5%Short: 31.6%

Funding Rate

+0.0007%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,762.40

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$70,463.06

Resistance 2$62,909.86

Resistance 1$60,995.63

Price$59,762.40

Support 1$59,446.06

Support 2$58,115.01

Support 3$56,751.57

Pivot (PP):$59,446.06

Trend:Downtrend

RSI (14):30.5

Cointelegraph Staff

(09:13 PM UTC)

1 min read

Approved byMichael Roberts

1404 views

0 comments

Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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