💰 The price remained stable around $116,000, leading to a buildup of highly leveraged long and short positions.
With the rate cut decision next week and the intensification of geopolitical tensions this month, market volatility could likely trigger liquidations on both sides.
A decline towards $103,000 (-10%) could trigger approximately $16 billion in liquidations, while a rise to $120,000 (+5%) could result in approximately $6 billion in liquidations.
