BTC Price Drop Below $108,399 Could Trigger $1.8 Billion Long Order Liquidations on Major CEXs
Main Idea
If BTC drops below $108,399, it could trigger approximately $1.804 billion in long order liquidations across major centralized exchanges, indicating significant market volatility and risk.
Key Points
1. The $108,399 price level is critical for BTC, as breaching it would trigger massive long order liquidations.
2. Major centralized exchanges face a potential $1.804 billion liquidation impact if BTC falls below this threshold.
3. COINOTAG data highlights the high liquidation risk and its potential effect on BTC market stability.
4. The $108,399 mark acts as a key support level, and its breach could lead to rapid price declines and affect trader sentiment.
5. Traders are advised to employ strategic risk management during such critical price movements to mitigate losses.
Description
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