Over $41 million in BTC short positions face liquidation risk as price hovers near $84K

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Price action in BTC futures experienced intense movement on October 12 as the price neared $84K, triggering liquidation risks. Short positions between $83,500 and $84,200 were repeatedly tested, with a 40x leveraged short of 140 BTC liquidated within one minute at $84,156–$84,181, resulting in a $239K loss. Over $41.47M in BTC shorts and $13.14M in longs remain close to liquidation levels. Traders are advised to review their risk management strategies amid volatile market conditions.

Huo Xing Finance reports that, according to TradingBeats monitoring, between early morning and morning on October 12, BTC futures repeatedly tested the price range of approximately $83,500 to $84,200, triggering consecutive liquidation warnings on multiple large positions with 40x leverage. One short position of approximately 140 BTC, with a notional value of about $11.75 million, was liquidated in a single execution within approximately one minute after the warning was issued, at prices ranging from $84,156 to $84,181, resulting in a realized loss of approximately $239,000; this account now holds no open positions. On the same high-leverage tier, there remain combined BTC short positions totaling approximately $41.47 million and long positions totaling approximately $13.14 million nearing their respective liquidation thresholds. If the price rises another 1.5%, which level of short positions will be the first to liquidate?

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