PiCK
If Bitcoin Surpasses $107,000, Over $500 Million in Short Positions to Be Liquidated
Uk Jin
Summary
- It was reported that if Bitcoin (BTC) breaks through $107,000, about $532 million in short positions on centralized exchanges (CEX) are expected to be liquidated.
- It was also mentioned that if Bitcoin drops below $104,000, $976 million in bullish bets would be liquidated.
- Currently, Bitcoin is trading at $105,830.
While Bitcoin (BTC) held the $105,000 level over the weekend, futures betting appears to have surged regarding the cryptocurrency's next direction.
As of 9:28 AM KST on the 9th, CoinGlass data shows that if Bitcoin surpasses $107,000, approximately $532 million in short positions (bearish bets) on centralized exchanges (CEX) are expected to be liquidated.
Conversely, if Bitcoin falls below $104,000, $976 million in bullish bets are expected to be liquidated.
Meanwhile, according to CoinMarketCap, Bitcoin is currently trading at $105,830, up 0.24% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
