Bitcoin Liquidation Intensity Could Surge to $1.455 Billion if Price Drops Below $117,000, Coinglass Data Shows
Main Idea
Bitcoin liquidation intensity could surge to $1.455 billion if the price drops below $117,000, while a bullish breakout above $119,000 would result in significantly lower liquidations.
Key Points
1. A Bitcoin price drop below $117,000 could lead to forced liquidations worth approximately $1.455 billion on exchanges.
2. A bullish breakout above $119,000 would result in much lower liquidations, around $181 million.
3. The data does not quantify the exact number or value of contracts being liquidated.
Description
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$BTC
$118643.6
-1.09%
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