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Add as a preferred source on GoogleKi Young Ju Warns Bitcoin Must Hold $80,000 to Avoid Liquidation Cascade
Bitcoin traded at $80,615 at 5:29 p.m. ET (21:29 UTC) Tuesday, Oct. 27, or $615 above the threshold.
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Influencer Ki Young Ju warned that Bitcoin (BTC) needs to hold $80,000 to avoid a cascade of long liquidations, as BTC traded $615 above the threshold Tuesday.
Bitcoin stood at $80,615 as of 5:29 p.m. ET (21:29 UTC) Tuesday, Oct. 27. That was $615 above the level Ju identified as important to containing liquidation risk.
Ju warned that losing $80,000 could trigger a cascade of those closures.
Bitcoin often acts as a bellwether for other crypto assets.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.