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Market Alert: Bitcoin Long Positions Face Significant Liquidation Risk
Current data shows approximately $18 billion in long positions could face liquidation cascade if Bitcoin drops to the $77,000 level. This threshold represents a critical support zone where leveraged traders holding bullish bets would be forced to close positions, potentially triggering a chain reaction of sell-offs.
The concentration of at-risk liquidity at this price point highlights the fragility of the current market structure. Traders actively holding long positions should monitor this level closely, as any sharp downward movement could activate a wave of automated liquidations. The $77K mark has become a focal point for risk management across major trading platforms.