If Bitcoin surpasses $124,000, the cumulative short liquidation intensity on major centralized exchanges could reach $1.304 billion, according to Coinglass data reported by BlockBeats. This potential surge in liquidations highlights the significant market impact of Bitcoin's price movements at this level.
Conversely, a drop below $121,000 could result in $525 million in long liquidations. The data emphasizes the relative importance of liquidation clusters, indicating potential market volatility at these critical price points.
Bitcoin Price Movements Could Trigger $1.3 Billion in Short Liquidations
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