BTC Short Liquidations Could Hit $2.2 Billion if Price Surpasses $118,136, Coinglass Data Shows
Main Idea
Bitcoin's short liquidation intensity could reach $2.201 billion if the price exceeds $118,136, while long liquidation may hit $1.573 billion if it falls below $107,606, indicating critical price thresholds for traders.
Key Points
1. BTC short liquidation intensity may surge to $2.201 billion if the price surpasses $118,136.
2. Long liquidation intensity could reach $1.573 billion if BTC drops below $107,606.
3. These liquidation thresholds highlight pivotal price levels for traders to monitor.
4. Large liquidations can amplify market reactions, affecting both short and long traders.
5. Coinglass data suggests bearish traders are heavily exposed above $118,136, while bullish positions are vulnerable below $107,606.
Description
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