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Coinbase Markets Puts Bitcoin’s Largest Long Cluster at $81,993

Bitcoin was below the level on Oct. 24. The account put 64% of net-long notional above spot, without stating a dollar amount.

Updated 1 min read
An anonymous passerby checks a phone outside an office building in San Francisco. / EconoTimes.ai
An anonymous passerby checks a phone outside an office building in San Francisco. / EconoTimes.ai

Bitcoin traded below $81,993 when Coinbase Markets posted Oct. 24 that the figure marked the entry price for its largest identified cluster of net-long Bitcoin positions.

The Coinbase Markets account said positions opened above spot represented 64% of net-long notional. It did not attach a dollar figure, so the post gives the share but not the total amount represented.

The entry figure marks where the tracked positions began; it does not identify liquidation levels. The account supplied no leverage or margin details and listed no liquidation thresholds.

An Oct. 15 Coinbase Markets XRP snapshot grouped open net-long exposure by average entry price.

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