Coinbase Warns of Bitcoin Long Liquidation Risks

In a post on X, the Coinbase Markets account reported that the largest cluster of net long Bitcoin (BTC) positions was entered at an average level of $81,993. With Bitcoin price now trading below that level, traders' positioning is back in focus. The largest cluster of net long BTC positions entered at $81,993. With Bitcoin price now trading below that level, positioning is back in focus. 64% of net long notional was entered above the spot price.