🔥Bitcoin's life and death line! A wave of liquidations is about to hit!

Brothers, the news from BlockBeats on May 27th has got me all anxious! Coinglass data shows that Bitcoin has now reached a super critical "watershed". How it moves next will have a huge impact!

First, let's talk about the upward situation. If Bitcoin can break through the $110,000 mark in one go, those who are shorting Bitcoin on mainstream centralized exchanges (CEX) will be in big trouble. The cumulative liquidation intensity of short positions could reach $637 million, what does that mean?

It means a large number of short positions will be forcibly closed, and the market is likely to be lifted by this wave of forced liquidations, ushering in a crazy surge. If this opportunity is seized, it could lead to big profits, just thinking about it gets everyone excited!

But if Bitcoin doesn't perform and directly falls below $108,000, then those who are long on Bitcoin will be crying in the bathroom.

The cumulative liquidation intensity of long positions in mainstream CEX will reach $360 million, and a large number of long positions will be forcibly closed, likely causing the market to fall into a panic sell-off, at which point everyone's assets could significantly shrink, just thinking about it is terrifying.

This liquidation chart is like the market's "early warning system"; it shows the impact on the market when prices reach a certain level. Those higher liquidation bars are like "mines" buried in the market; as soon as prices change slightly, they could trigger a stronger market reaction. As investors in the crypto space, we need to keep an eye on these key points and be prepared in advance.

Personally, I think the current trend of Bitcoin is very critical, so everyone must operate cautiously. Don't blindly follow the crowd, and don't easily go all in. Near these key points, you can set stop-loss and take-profit orders, so even if the market changes, you can control your losses and also have a chance to seize profit opportunities.

Everyone, this market could change at any moment, so keep your eyes open, otherwise, you might inadvertently get "harvested" by the market!