The post Bitcoin Price Surge: Potential for $104,000 to Trigger $260 Million Short Liquidation appeared on BitcoinEthereumNews.com.

COINOTAG News reported on January 17th that significant volatility is looming for Bitcoin, as highlighted by recent data from Coinglass. Should Bitcoin’s price exceed $104,000, the cumulative short liquidation intensity across major CEXs is projected to hit an alarming $260 million. Conversely, a decline below $99,000 could trigger a long liquidation intensity reaching $293 million. It’s crucial to note that the presented liquidation chart illustrates the relative importance of each liquidation cluster, rather than the exact number of contracts pending liquidation. Such a metric indicates how the market may react when specific price thresholds are met. A heightened liquidation bar signifies that price movements may become exacerbated during liquidity events, leading to potential market turbulence as these levels are approached. Source: https://en.coinotag.com/breakingnews/bitcoin-price-surge-potential-for-104000-to-trigger-260-million-short-liquidation/

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Filed under: News - @ January 17, 2025 2:25 am