On April 19, Bitcoin drastically dropped 5.44% in just two hours below its crucial $60,000 before rapidly reclaiming amid the geopolitical tensions between Israel and Iran. Bitcoin’s price went to $59,698 before retrieving it back to $61,352.
In a pivotal revelation, it’s been highlighted that a drop in price to $59,000 could trigger the liquidation of approximately $243 million worth of long positions, according to insights from CoinGlass data.
Within the span of the last four hours, data indicates that a staggering $34.03 million in Bitcoin long positions have already been liquidated.
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