Bitcoin Long Liquidation Risk Accumulates Around $61,000 Level

Glassnode co-founder warns of building long-position liquidation risk near $61,000 for Bitcoin. A breach could trigger forced sell-offs, potentially accelerating the current downward price trend.

Woofun AI reports that Rafael, co-founder of glassnode, identified accumulating liquidation risk for Bitcoin long positions around the $61,000 mark over recent weeks. He stated that a price decline into this range would likely trigger forced sell-offs, thereby intensifying the existing downward trend.