Skip to content
- Home
- Bitcoin
- Bitcoin Price Faces Threat of $55 Million Liquidation, Analyst Predicts
Bitcoin’s Recent Price Surge
- Bitcoin (BTC) has seen a steady upward trend over the past day, gaining 4.04% to briefly surpass $48,000.
- As BTC hovers around $47,100, investors and experts speculate about its next move.
Analyst Predicts Potential Price Dip
- Analyst Ali Martinez predicts a potential dip in Bitcoin’s price due to a planned liquidation.
- According to data from CoinGlass, there may be a strategic liquidation in play.
- Liquidity hunters aim to drive BTC’s price down to $45,810, triggering liquidations worth $54.73 million.
Liquidity Hunters’ Strategy
- Liquidity hunters seek opportunities to exploit changes in liquidity in financial markets.
- They target specific price levels with concentrated stop-loss orders or thin market liquidity.
- By triggering liquidations or capitalizing on price movements, they profit from short-term market inefficiencies.
Potential Impact on BTC Traders
- Martinez’s prediction suggests a potential 3% decline in BTC’s price, resulting in $54.73 million in liquidations.
- BTC traders and investors should be cautious of potential losses in the coming days.
Recent Bitcoin Market Developments
- Bitcoin has gained 8.6% in the last two days after a period of consolidation.
- Bitcoin spot ETF market recorded a total net flow of $403 million on February 8, the highest since January 17.
- At the time of writing, Bitcoin trades at $47,238, with a 0.26% gain in the last hour.
- BTC’s daily trading volume has increased by 56.33%, reaching $39.42 billion.
- BTC maintains its dominance in the crypto market with a total market cap of $924.67 billion.
![](https://www.tradingview.com/x/7c3vJ25q/)