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
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! BTC short liquidation
Latest News
- Bitcoin Holds $115K Support Zone as Liquidity Builds Near $120K Resistance, Downside Risk Remains2025-08-03 03:50:30
- Bitcoin Surges Beyond $100,000 for 40 Days and Stays Above $110,000 for 24 Days Straight2025-08-03 03:28:32
- Ethereum Consolidates Near $3,500 After 60% Rally, Approaching Potential $4,000 Resistance Breakout2025-08-03 03:28:13
- Whale 0xab15 Opens Massive 40x Leveraged Long on BTC Worth $45M Targeting $125,0002025-08-03 03:16:34
- Cardano Shows Signs of Gradual Accumulation Near Key Support Amid Rising Whale Activity2025-08-03 03:16:19