---
title: "Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations"
url: https://diffcoin.com/bitcoin-at-perfect-macro-setup-but-dip-below-58k-risks-500m-in-liquidations/
description: "Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside. Source link"
published: 2024-08-13
updated: 2024-08-13
author: "Mila"
site: "Diffcoin"
---

# Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations

Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside.

[Source link](https://cointelegraph.com/news/bitcoin-at-perfect-macro-setup-but-dip-below-58-k-risks-500-m-in-liquidations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)