727 FinancePANews reported on October 5 that according to Glassnode, Bitcoin’s current largest upward liquidation cluster is located near $90,000. Once the price touches this level, leveraged shorts will be forced to close their positions. Data from the past two months shows that there are also smaller liquidation clusters around $83,000 and $75,000. Glassnode points out that being touched on either side could accelerate the next move.
Glassnode: Bitcoin’s largest short liquidation area is near $90,000
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