Bitcoin Faces Massive Liquidation Waves with $948M Short and $588M Long Positions at Key Price Thresholds
Main Idea
Bitcoin faces significant liquidation risks with potential short and long liquidations of $948 million and $588 million respectively, depending on price movements.
Key Points
1. Bitcoin's price movements could trigger short liquidations of $948 million if it surpasses $119,000.
2. A drop below $116,000 may lead to long liquidations of around $588 million.
3. The liquidation chart highlights strong liquidity waves in the Bitcoin derivatives market.
Description
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$BTC
$118007.0
+1.32%
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