"Bitcoin expected to trigger approximately $900 million in short liquidations if it breaks above $124,000"

Minseung Kang

Summary

It stated that if the Bitcoin price breaks above $124,000, there is a possibility that short positions totaling about $898,000,000 could be liquidated on major centralized exchanges.
Conversely, if it falls to $121,000, the cumulative long position liquidation intensity is expected to reach $1,106,000,000, it reported.
It said that the higher the liquidation intensity in a given range, the more likely market liquidity will shift sharply and price volatility will increase when that price is reached.

There is a possibility that if Bitcoin (BTC) breaks above $124,000, short positions totaling about $898,000,000 could be liquidated on major centralized exchanges (CEX).

On the 4th, according to crypto-specialized media BlockBeats, on-chain data platform Coinglass analyzed that when Bitcoin exceeds $124,000, the cumulative short liquidation intensity would reach $898,000,000. Conversely, if the price breaks below $121,000, the cumulative long position liquidation intensity is expected to reach $1,106,000,000.

Meanwhile, the liquidation map is not an indicator that directly shows actual liquidation amounts, but rather relatively indicates how much liquidation pressure appears at specific price levels. Generally, the higher the liquidation intensity in a given range, the more likely market liquidity will shift sharply and price volatility will increase when that price is reached.

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