Bitcoin Price Movements Could Trigger Significant Liquidation Events

According to BlockBeats, data from Coinglass indicates that if Bitcoin surpasses $117,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $594 million. Conversely, if Bitcoin falls below $114,000, the cumulative liquidation intensity of long positions on major CEXs will amount to $1. 002 billion. BlockBeats notes that the liquidation chart does not display the precise number of contracts pending liquidation or the exact value of contracts being liquidated source: https://www.binance.com/en/square/post/29927535748322?utm_source=BinanceNewsRSS