As Bitcoin edges closer to the landmark price of $100,000, data from Coinglass suggests that a breakthrough could trigger a massive $1.012 billion in short order liquidations at mainstream centralized exchanges.
Implications of a Major Price Threshold Breakthrough
If Bitcoin successfully breaches the $100,000 threshold, the ripple effects could be significant, with short sellers facing a combined liquidation of approximately $1.012 billion. This scenario highlights the volatile nature of cryptocurrency markets and the high stakes involved in trading activities on major exchanges.
Conversely, a price drop below $95,000 could lead to a different set of challenges, with long position holders potentially seeing cumulative liquidations of around $862 million.
