The critical price levels of Bitcoin hide secrets, and the market may face violent fluctuations!
On December 13, Coinglass data shows that Bitcoin is at a critical price crossroads. If the price of Bitcoin falls below $88,000, the long positions in mainstream centralized exchanges (CEX) will be in danger, with a total long liquidation intensity reaching $1.071 billion. This means that a large amount of long funds may be forced to close positions, triggering a chain reaction in the market.
Conversely, if Bitcoin breaks through $92,000, short investors will be on edge, as the total short liquidation intensity in mainstream CEX reaches $1.057 billion. A large number of short positions being forcibly liquidated will similarly bring a huge impact to the market.
It should be noted that the liquidation chart does not simply show how many contracts are waiting to be liquidated or how much these contracts are worth. It mainly reflects the importance of each liquidation price point relative to other points, which is the liquidation intensity. The higher the liquidation intensity, the stronger the market liquidity will surge once the price touches this point, leading to a more intense reaction.
Therefore, investors should closely monitor the Bitcoin price around these two critical price levels, as the market may stir up turbulent waves at any time. Preparing strategies in advance is the key to maintaining stability in the ever-changing cryptocurrency market. Although the market is slightly sluggish now, opportunities to make profits will come! Be patient and wait for the opportunity to arise, 聊天室 has been placed at the top, and I will share the trading points later.
