Editor's PiCK
Bitcoin: 1,200,000,000 dollars in liquidations if it surpasses 113,000 dollars
Summary
- Bitcoin has entered a short-term price fluctuation range, increasing the likelihood of large-scale position liquidations.
- They stated that if Bitcoin surpasses 113,000 dollars, approximately 1,247,000,000 dollars worth of short position liquidations are expected.
- They said that if Bitcoin falls below 108,000 dollars, long position liquidation pressure of about 1,346,000,000 dollars could occur.
Bitcoin (BTC) has entered a short-term price fluctuation range, increasing the likelihood of large-scale position liquidations. Both on the upside and downside, liquidation pressure worth billions of dollars has accumulated at key price levels.
On the 23rd (local time), according to data from CoinGlass, if Bitcoin surpasses 113,000 dollars, the size of short (sell) position liquidations on major centralized exchanges (CEX) is expected to reach 1,247,000,000 dollars. Conversely, if Bitcoin falls below 108,000 dollars, the accumulated long (buy) position liquidation intensity would reach 1,346,000,000 dollars.
Meanwhile, on that day, on Binance Tether (USDT) market, Bitcoin surpassed the 111,000 dollar level. This is about 1.8% away from the 113,000 dollar liquidation zone.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
