Forecast of Mass Long Liquidations Amid BTC and ETH Decline

The current cryptocurrency market shows a significant skew towards long positions, creating potential risks for traders during sharp price movements.

Bitcoin Liquidation Risks

In the event of a sharp drop in Bitcoin's price to around $69,950, the volume of long position liquidations will exceed $5.65 billion. This indicates a high concentration of vulnerable positions in this price zone.

Ethereum Position Vulnerability

A similar situation is developing with Ethereum: a drop in the asset to approximately $2,070 will lead to the liquidation of longs worth over $3.84 billion. These figures demonstrate the scale of potential losses.

Monitoring Tools

To track liquidation maps and assess risks, it is recommended to use specialized analytical platforms such as CoinGlass.