BTC Short Liquidations Could Hit $3.735 Billion if Price Surpasses $119,510, Says Mars Finance

Key Points

1. If BTC surpasses $119,510, $3.735 billion in short positions on major centralized exchanges will liquidate.

2. If BTC falls below $108,278, $2.228 billion in long positions will liquidate.

3. These liquidation thresholds can accelerate price movements due to forced buy-ins or sell-offs.

4. Monitoring liquidation data is crucial for traders to anticipate market reactions and manage risk.

5. Recent data shows increasing liquidation volumes as BTC approaches these critical price levels.