📊 BTC Liquidation Zones: Key Levels for Traders to Watch! 📊

Attention traders! Coinglass data reveals critical liquidation thresholds for Bitcoin that could trigger significant market volatility.

⬇️ BEARISH SCENARIO: If BTC drops below $114,000

• $687 MILLION in mainstream CEX long liquidations could be triggered. This "liquidation cascade" indicates a strong potential for intensified downward price action.

⬆️ BULLISH SCENARIO: If BTC surpasses $117,000

• $494 MILLION in mainstream CEX short liquidations could be triggered. This would likely fuel an upward price momentum as short positions are squeezed.

BlockBeats Note: Remember, liquidation charts show the intensity and potential impact of price movements at these levels, not just the exact volume. Higher "liquidation bars" signify a more intense price reaction once those levels are hit due to a liquidity cascade.

Trade with caution and precision! Identify these zones to anticipate potential market reactions and refine your strategies.

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