Bitcoin: $900 million in Long Positions Liquidated if Price Drops Below $102,000

Doohyun Hwang

Summary

It was noted that if Bitcoin’s price falls below $102,000, about $900 million in liquidations in long positions would occur.
Conversely, if Bitcoin breaks above $105,000, the liquidation amount for short positions is expected to reach approximately $476 million.
Currently, as Bitcoin has fallen below the $104,000 level, it is reported to have hit a two-week low.

If the price of Bitcoin (BTC) falls below $102,000, more than $900 million in liquidations are expected.

According to data from CoinGlass on the 30th (local time), should Bitcoin’s price drop below $102,000, cumulative long (buy) position liquidations on global Centralized Exchanges (CEX) are estimated to reach approximately $987 million.

Conversely, if Bitcoin breaks above $105,000, the liquidation volume for short (sell) positions is projected to be around $476 million.

Currently, Bitcoin has broken below the $104,000 level, hitting its lowest point in about two weeks. As of today, on the Binance Tether (USDT) market, it is trading around $103,700, down about 2.1% from the previous day.

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