Warning from Crypto Company to Those Taking Long Positions in Bitcoin: Pay Attention to These Price Levels! - Coin Bulletin

The sharp drop on Wall Street and the increase in volatility in the US bond market caused Bitcoin (BTC) to briefly fall below 75 thousand dollars, raising concerns among investors.

The benchmark index of the US stock market, S&P 500 futures contracts, has declined by about 2% due to volatility in the bond market. The impact of this negative atmosphere caused Bitcoin (BTC) to drop below 75 thousand dollars during the day, creating a temporary panic in the market.

On the other hand, the MOVE index, which measures the uncertainty in the markets and shows the price movements of U.S. Treasuries, has risen to 140, its highest level since October 2023. This situation negatively impacts the risk perception in cryptocurrencies, increasing the downward pressure on the price of BTC.

Risk of liquidation in Bitcoin

The crypto analysis company Hyblock Capital reported that investors taking long positions in futures markets are facing liquidation risks due to an expected rise. In particular, if the price falls to the 73,800-74,400 dollar range, many investors' positions may be automatically closed by exchanges.

According to the statement made by Hyblock Capital, other critical areas where liquidations have intensified include levels of 69,800-70,000 dollars and 66,100-67,700 dollars. Company officials pointed out that in the event of a drop below 70,000 dollars, panic selling could increase, potentially pulling the price down by at least another 200 dollars.

On the other hand, in upward price movements, the areas where investors' short positions may be liquidated are indicated as levels of 80,900-81,000 dollars, 85,500-86,700 dollars, and 89,500-92,600 dollars.