Bitcoin Price Swings Could Trigger Nearly $1 Billion in Liquidations
Coinglass data indicates sharp BTC moves below $88,000 or above $92,000 may prompt significant long or short liquidations on major centralized exchanges.
BTC
Summary
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Terms & Concepts
Long liquidations: Forced closure of leveraged buy positions when the market moves against them.
Short liquidations: Forced closure of leveraged sell positions when the market moves unfavorably.
Centralized exchanges (CEXs): Crypto trading platforms operated by a centralized entity, managing users' funds and transactions.