Bitcoin Short Liquidations Could Hit $1.5 Billion if Price Surpasses $120,000, Coinglass Data Reveals

Key Points

1. Bitcoin surpassing $120,000 could result in $1.503 billion in short liquidations on major exchanges.

2. A drop below $116,000 may cause $1.310 billion in long liquidations.

3. These liquidation zones could amplify Bitcoin's price volatility.

4. Market participants are advised to monitor these critical price levels closely.