BTC Short Liquidations Could Hit $2 Billion if Price Surpasses $118,358, Says Coinglass Data
Main Idea
BTC's short and long liquidation intensities on mainstream CEXs indicate critical price points at $118,358 and $108,034, respectively, which could trigger significant market volatility and trader risk.
Key Points
1. BTC short liquidation intensity will reach $2.008 billion if the price surpasses $118,358.
2. BTC long liquidation intensity could hit $1.957 billion if the price drops below $108,034.
3. These liquidation levels signal heightened market volatility and trader risk.
4. Coinglass data and expert analysis emphasize the importance of monitoring liquidation levels for market insight.
5. High liquidation volumes often coincide with rapid price swings, catching unprepared traders off guard.
Description
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