Bitcoin Price Movements Could Trigger Significant Liquidation Events

According to BlockBeats, data from Coinglass indicates that if Bitcoin falls below $116,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $1. 041 billion. Conversely, if Bitcoin surpasses $119,000, the cumulative liquidation intensity of short positions on these exchanges will amount to $1. 014 billion source: https://www.binance.com/en/square/post/28387540884538?utm_source=BinanceNewsRSS