The cryptocurrency market is currently experiencing significant liquidation risks, with several assets poised for potential price movements that could impact overleveraged positions. Key assets such as DUSK, ME, and BERA are identified in long liquidation zones, where prices may drop to liquidate overleveraged longs. DUSK is trading at $0.16 with an open interest (OI) of $109.86 million and a funding rate (FR) of -161.670%, targeting a price drop to $0.14. Similarly, ME and BERA are targeting price reductions to $0.26 and $0.84, respectively.
Conversely, short liquidation zones indicate potential price increases to liquidate overleveraged shorts. Assets like TRX and DOT are highlighted, with TRX trading at $0.32 and targeting a rise to $0.35, supported by an OI of $354.41 million and an FR of 0.040%. DOT, currently at $2.15, aims for a target of $2.36. These movements suggest that traders should be cautious of potential volatility as the market seeks to balance liquidity.
Crypto Market Faces Potential Liquidation Zones Amid High Open Interest
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