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Bitcoin Liquidation Risks: $987 Million at $102,000 and $476 Million at $105,000

Recent data indicates significant liquidation thresholds for Bitcoin, highlighting potential market volatility as it navigates critical price levels.

BTC

Summary

According to Coinglass data, if Bitcoin falls below $103,000, cumulative long liquidation intensity on major CEXs could reach $763 million. Conversely, surpassing $105,000 may trigger $33.96 million in cumulative short liquidations. The liquidation trends reflect a divergence in market behavior post-ETF launch, with Bitcoin liquidations primarily involving short positions.

Terms & Concepts
  • CEXs: Centralized exchanges where users can trade cryptocurrencies, often involving the use of order books and market makers.
  • long liquidation: The process of closing long positions in a market when prices fall, resulting in losses for traders who anticipated price increases.
  • short liquidation: The closure of short positions when prices rise, leading to losses for traders who expected price declines.