Bitcoin Price Drop Below $116,000 Could Trigger $677 Million Long Order Liquidations on Major CEXs
Main Idea
Bitcoin's price approaching the $116,000 threshold could trigger a $677 million long order liquidation, highlighting heightened market risks.
Key Points
1. Bitcoin is nearing the critical $116,000 price level.
2. A drop below $116,000 could trigger $677 million in long order liquidations.
3. This situation indicates increased market risk and trading volatility.
Description
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$BTC
$117450.4
-0.16%
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