Bitcoin Price Swings Could Trigger Billions in CEX Liquidations đ±
If Bitcoin surges past 119,203 dollars, mainstream centralized exchanges could see 3.35 billion dollars in short positions liquidated. On the flip side, if it drops below 108,322 dollars, long positions worth 2.346 billion dollars could get wiped out.
That's a wild amount of money on the line! Bitcoin's price swings are always a rollercoaster, and these liquidation numbers show how intense the stakes are for traders. I think it's a reminder to play it safe-those levels are close enough to make anyone nervous!
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