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Bitcoin Reaches New All-Time High Amidst High Leverage Risks
12/16/2024 8:30:00 AM
According to CryptoMichNL, Bitcoin has reached a new all-time high and continues to climb. However, traders should be cautious as the number of leveraged long positions is relatively high, which could pose a risk. If Bitcoin's price falls below $102,000, it could trigger another liquidity crash. Conversely, if it remains above this level, the next target could be $110,000, suggesting potential good times ahead for traders. (Source)
Bitcoin leveraged positions liquidity crash