Bitcoin Liquidation Intensity Could Surge to $475M if Price Breaks $120,000, Warns Coinglass Data
Main Idea
Bitcoin's liquidation intensity could surge to $475 million if the price breaks $120,000, while a drop below $116,000 may trigger $86.25 million in long liquidations, indicating critical market reaction points.
Key Points
1. Bitcoin's short liquidation intensity may reach $475 million if the price surpasses $120,000.
2. Long liquidation intensity could hit $86.25 million if Bitcoin falls below $116,000.
3. Liquidation intensity charts help traders identify critical support and resistance levels.
4. Coinglass data highlights $120,000 and $116,000 as key price points for potential market volatility.
5. COINOTAG emphasizes the importance of monitoring liquidation charts to navigate market movements effectively.
Description
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