BTC Breaks $118,996 Could Trigger $3.126 Billion Short Liquidation on Mainstream CEXs, Says Mars Finance

Main Idea
BTC's price movements beyond $118,996 or below $108,232 could trigger significant short and long liquidations on major centralized exchanges, impacting market volatility.
Key Points
1. BTC short liquidation intensity is projected to reach $3.126 billion if the price exceeds $118,996.
2. Long liquidation intensity could hit $2.432 billion if BTC drops below $108,232.
3. Data from Coinglass highlights these levels as critical for traders to monitor due to potential market volatility.
4. High liquidation levels can lead to increased short squeezes or accelerated sell-offs, depending on the price direction.
5. COINOTAG experts emphasize the importance of tracking these thresholds to manage risk and anticipate market shifts.
Description
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