Bitcoin Liquidation Intensity Could Surge to $677M if Price Drops Below $116K, Coinglass Data Reveals
Main Idea
Bitcoin could face significant liquidations if its price drops below $116,000, with potential liquidations of $677 million, while a rise above $120,000 could lead to short seller liquidations of around $259 million.
Key Points
1. Bitcoin traders on centralized exchanges (CEXs) may face liquidations of approximately $677 million if the price drops below $116,000.
2. A breakout above $120,000 could result in short seller liquidations totaling around $259 million.
3. The article highlights the potential impact of these price levels on market dynamics and liquidation intensity.
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