Summary
- It was reported that if Bitcoin falls below $106,000, approximately 600 billion won of long positions will be liquidated.
- If Bitcoin surpasses $110,000, there is a possibility of approximately 500 billion won of short positions being liquidated.
- Bitcoin is currently trading at $108,468, having temporarily fallen by 0.97%.
As Bitcoin (BTC) undergoes a temporary correction, there is analysis suggesting that a significant position will be liquidated if further declines occur.
On the 27th, BlockBeats, citing CoinGlass data, reported that if Bitcoin falls below $106,000, approximately $434 million (about 600 billion won) of long positions will be liquidated on centralized exchanges (CEX).
Conversely, if Bitcoin surpasses $110,000, approximately $361 million (about 500 billion won) of short positions will be liquidated.
Meanwhile, as of 10:40 AM today, Bitcoin is trading at $108,468 on Binance, down 0.97% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
