Breaking News:
Bitcoin $BTC Price Swings Could Trigger Massive Liquidations on Major Exchanges
Data from Coinglass, reported by BlockBeats, suggests that a sharp move in Bitcoin’s price could lead to significant liquidations on major centralized exchanges (CEXs). If Bitcoin rises above $108,000, short positions could face cumulative liquidations totaling approximately $822 million. On the other hand, a drop below $105,000 could trigger long position liquidations worth around $635 million.
BlockBeats clarifies that the liquidation chart does not show exact contract counts or values. Instead, the chart highlights the intensity of potential liquidations at various price levels—represented by the relative size of "liquidation bars." Larger bars indicate areas where price movements could spark more intense liquidation activity due to clustered liquidity.
In essence, Bitcoin nearing these critical price levels could set off strong market reactions driven by liquidation pressure.
