Bitcoin Liquidation Intensity Could Surge to $736 Million if Price Breaks $116,000, Says Coinglass Data
Main Idea
Bitcoin's liquidation intensity could surge to $736 million if the price breaks above $116,000, while a drop below $113,000 may trigger $570 million in long liquidations, indicating potential market volatility.
Key Points
1. Bitcoin liquidation intensity spikes at key price levels $116,000 and $113,000.
2. Breaking above $116,000 could trigger $736 million in short liquidations, signaling potential rapid price surges.
3. A fall below $113,000 could liquidate $570 million in long positions, leading to heightened volatility.
4. Liquidation intensity data helps traders identify breakout or breakdown zones and manage risk.
5. Ignoring liquidation intensity levels may result in unexpected volatility and forced liquidations.
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