Is There a Further Increase Anticipated?

Ali, a renowned on-chain analyst, has made a striking prediction regarding Binance, one of the leading cryptocurrency exchanges. He anticipates a significant liquidation event if the price of Bitcoin surpasses the $66,900 mark. Ali’s meticulous analysis indicates that a staggering $62 million is poised to be liquidated solely from this particular exchange should the predicted price level be attained. Recent data reveals a noteworthy liquidation activity in the past 24 hours, with Bitcoin’s long positions being liquidated to the tune of $36.1 million and short positions amounting to $8.41 million.