Bitcoin Liquidation Intensity Could Surge to $609 Million if Price Drops Below $114,000, Coinglass Data Reveals
Main Idea
Bitcoin's liquidation intensity could surge to $609 million if the price drops below $114,000, indicating significant market impact, while short liquidations remain low above $116,000.
Key Points
1. Bitcoin liquidation intensity could reach $609 million if the price falls below $114,000, signaling strong sell pressure.
2. Short position liquidations are limited to $73.97 million if Bitcoin surpasses $116,000.
3. Long positions face heavy liquidation pressure below $114,000, while short liquidations remain subdued above $116,000.
4. Traders should monitor the $114,000 and $116,000 thresholds to manage risk effectively.
5. Liquidation charts help traders identify critical price levels and anticipate market volatility.
Description
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