Coinbase Flags Bitcoin Long Liquidation Risk as Price Slips Below Entry Cluster
- —Largest net long BTC cluster entered at an average of $81,993
- —64% of net long notional was opened above the current spot price
- —$481.25 million liquidated in 24 hours, with longs at $346.15 million
- —BTC at $80,595; 25-delta skew at 11.3% for one-day options
Why it matters: Further downside could trigger forced closures of leveraged longs, adding selling pressure and raising the risk of a break below $80,000.
Source: U.Today