Bitcoin Price Fluctuations May Trigger Large-Scale Liquidations on Major Exchanges
AI Summary:
BlockBeats reports, citing Coinglass data, that a drop in Bitcoin's price below $95,000 could result in long positions on major centralized exchanges (CEXs) facing liquidations totaling $623 million. On the other hand, if Bitcoin climbs above $97,000, short positions could see liquidations worth $242 million.
BlockBeats clarifies that the liquidation chart does not show the exact number or value of contracts to be liquidated. Instead, the chart uses bar heights to indicate the relative intensity of liquidation clusters in certain price ranges. A taller bar reflects a greater potential impact, suggesting that price movements toward those levels may trigger more significant liquidation activity due to concentrated liquidity pressure.
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