Coinbase Markets Identifies $81,993 Entry Level for Largest Bitcoin Long Cluster

Coinbase Markets identified $81,993 as the entry level for the largest cluster of net-long Bitcoin (BTC) positions and said BTC was trading below that level when it posted on Oct. 24.

“The largest cluster of net long $BTC positions entered at $81,993,” Coinbase Markets said. The account also said 64% of net-long notional had been entered above spot, but did not give the dollar value of that exposure.

The entry level indicates where the tracked positions were opened. It does not establish a liquidation price. Coinbase Markets did not provide leverage, margin requirements or liquidation levels.