Bitcoin Price Movements May Trigger Significant Liquidations
AI Summary
According to BlockBeats, data from Coinglass indicates that if the price of Bitcoin falls below $103,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $702 million.
On the other hand, if Bitcoin surpasses $106,000, the cumulative liquidation intensity of short positions on these exchanges will be $612 million.
BlockBeats notes that the liquidation chart does not display the exact number of pending liquidation contracts or their precise value. Instead, the bars on the chart represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters.
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