Bitcoin Price Movements Could Trigger Significant Liquidations

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AI Summary

Bitcoin's price could lead to $3.35B in short liquidations if it exceeds $119K or $2.346B in long liquidations if it dips below $108K.

According to TechFlow, data from Coinglass on August 2 indicates that if Bitcoin surpasses $119,203, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $3.35 billion. Conversely, if Bitcoin falls below $108,322, the cumulative liquidation intensity of long positions on these exchanges will amount to $2.346 billion.

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Bitcoin Price Movements Could Trigger Significant Liquidations

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