Bitcoin Traders on Alert as $400M Long Positions Risk Liquidation if Price Dips Below $42,800
• Crypto Rover (@rovercrc) warned that $400M in Bitcoin long positions could face liquidation if price falls below $42,800 support level
• Comes as Bitcoin is up 11.05% over past 7 days, currently at $43,801
• Underscores fragile support level and potential impact of market movements on investor positions
• Data shows $13.21M in long positions already liquidated recently
• Puts pressure on traders to remain vigilant as they navigate potential price dips in an unpredictable market