Bitcoin Price Movements Could Trigger Significant Liquidations

According to BlockBeats, data from Coinglass indicates that if Bitcoin's price falls below $113,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) could reach $1. 297 billion. Conversely, if Bitcoin surpasses $116,000, the cumulative liquidation intensity of short positions on these exchanges could amount to $423 million. BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value source: https://www.binance.com/en/square/post/28746042608921?utm_source=BinanceNewsRSS