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Bitcoin Liquidation Risks: $1.14 Billion at $106,000 and $1.39 Billion at $103,000

Recent data indicates that Bitcoin's price movements around $108,000 and $104,000 could trigger significant liquidation events on major exchanges, highlighting market volatility.

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Summary

According to Coinglass data, if Bitcoin surpasses $108,000, cumulative short liquidations on major CEXs could reach $359 million, while falling below $104,000 could trigger $310 million in long liquidations. The liquidation chart reflects the intensity of potential market reactions rather than precise contract numbers, suggesting significant volatility at these price levels.

Terms & Concepts
  • Liquidation: The process of closing a position in a financial market, often triggered by a price movement that hits a predetermined threshold.
  • Market Liquidity: The ease with which an asset can be bought or sold in the market without affecting its price.
  • Thresholds: Specific price levels at which significant market reactions, such as liquidations, may occur.