Mass Long Liquidations Amid BTC and ETH Decline

The cryptocurrency market currently sees a predominance of traders holding long positions. This creates significant risks in the event of a sharp decline in the value of major assets.

Potential Liquidation Volumes

Analysis of the liquidation map shows a high concentration of long positions under current market conditions. A sharp price drop could trigger a mass closure of these positions at forced prices.

For Bitcoin, a critical level is considered to be around $75,800. If the price falls to this level, the volume of LONG position liquidations will exceed $6.7 billion.

The situation with Ethereum also looks tense. If the asset's price drops to approximately $2,420, the volume of forced long position closures will amount to over $4.17 billion.

Key Risk Levels for Liquidations:

• BTC**: price ~$75,800, liquidation volume >$6.7B
• ETH**: price ~$2,420, liquidation volume >$4.17B

Traders should closely monitor price dynamics and consider the high risks of margin calls at the current stage of trading. The up-to-date liquidation map is available on the CoinGlass platform.