Bitcoin Price Thresholds Could Trigger Billions in Liquidations on Centralized Exchanges
CoinGlass data shows potential $2.43 billion in short liquidations if BTC surpasses $108,927, while a drop below $99,492 could cause $1.27 billion in long liquidations.
BTC
Summary
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Terms & Concepts
- Liquidation: A forced closure of a trader's position when their margin balance falls below the required maintenance level.
- Centralized Exchange (CEX): A cryptocurrency trading platform managed by a single entity, where users trade via company-controlled order books.
- Long and Short Positions: A long position profits when the asset's price rises, while a short position profits when the price falls.