BTC drops below 66,000 USDT

BTC-3,1%

Gate News bot message, Gate market display, BTC drops below 66,000 USDT, current price 65,983 USDT.

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"Strategy opponent's position" 30 million scale BTC long position stop-loss exit, recording a loss of about $250,000.

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Are Investors Rotating Out of Gold Into Bitcoin?

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In the past hour, the entire network saw liquidations of $53.4683 million, with BTC liquidations exceeding $35 million.

Gate News reports that on March 27, Coinglass data shows that in the past hour, the total liquidation across the network reached $53.4683 million, with long positions liquidated at $51.5838 million and short positions liquidated at $1.8845 million. By cryptocurrency, BTC saw liquidations of $35.348 million, while ETH had liquidations of $5.537 million.

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If Bitcoin falls below $66,000, the cumulative long liquidation intensity on major CEXs will reach $607 million.

The Bitcoin price at key points of $66,000 and $69,000 will trigger the liquidation intensity of long and short positions on mainstream CEXs, reaching $607 million and $638 million, respectively. This indicates that price fluctuations could provoke a strong market response.

BlockBeatNews21m ago
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