The post Bitcoin Price Surge: Potential $100,000 Break Could Trigger $8.45 Billion in Short Liquidations appeared on BitcoinEthereumNews.com.

COINOTAG News reported on January 5th that recent data from Coinglass indicates significant liquidity thresholds for Bitcoin. Should Bitcoin surpass the $100,000 mark, the total cumulative short liquidation volume on major centralized exchanges (CEX) could soar to approximately $8.45 billion. In contrast, a decline below $96,000 may trigger a cumulative long liquidation intensity nearing $9.13 billion. It is vital to note that the liquidation chart does not provide an exact figure for the number of contracts at risk or their corresponding values. Instead, the chart represents the relative significance of each liquidation cluster, thereby highlighting potential market impacts. A prominent “liquidation bar” indicates that once the price reaches a given threshold, a more pronounced market reaction is expected, potentially prompting a liquidity cascade. Source: https://en.coinotag.com/breakingnews/bitcoin-price-surge-potential-100000-break-could-trigger-8-45-billion-in-short-liquidations/

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Filed under: News - @ January 5, 2025 2:12 am