The battle between long and short positions in Bitcoin is about to ignite! $120,000 may trigger $1.15 billion in short liquidations, while breaking below $116,000 puts $950 million in long positions at risk.
The latest data shows that Bitcoin is at a critical point - if it breaks through $120,000, the liquidation size of short positions on major exchanges could reach $1.154 billion; whereas if it falls below $116,000, the liquidation volume for long positions will also reach $950 million. These figures are not precise amounts, but rather reflect the potential volatility intensity in the market at key price levels. The higher the column, the more intense the liquidity shock, and the more severe the price fluctuations may be. The market is on high alert, guarding against the chain reactions that could arise from significant volatility.
