Bitcoin liquidation $297.17 million... AMBCrypto mentions possibility of falling below $70,000
Original headline비트코인 청산 2억9717만달러…AMBCrypto, 7만달러 하회 가능성 거론
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Bitcoin futures saw $297.17 million in liquidations over 24 hours as of the latest AMBCrypto update, with Ethereum liquidations reaching $491.97 million over the same period. Short positions accounted for 7.9% of Bitcoin liquidations, and the outlet noted that liquidation figures reflect forced closures of futures positions rather than equivalent spot selling. AMBCrypto flagged the possibility of Bitcoin dropping below $70,000, while judging a weekly low below $57,800 as less likely; both levels are the outlet's projections rather than observed prices. The data matters because it shows leveraged positioning being flushed out across the two largest crypto assets, with Ethereum's larger liquidation tally indicating heavier stress in ETH derivatives. Traders will watch whether Bitcoin holds above the $70,000 threshold and how liquidation volumes evolve across both assets.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Ethereum (ETH), AMBCrypto
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