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Analysts warn Bitcoin drop to $57,000 could trigger massive leveraged long liquidations
Joao Wedson, CEO of crypto analytics platform Alphractal, stated that $57,000 is a key area to watch, and if Bitcoin falls to that level, a massive wave of leveraged long liquidations could occur. Current thin trading volumes could exacerbate sharp declines caused by liquidations.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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