Bitcoin's price fluctuations may lead to substantial liquidations, impacting market dynamics and investor strategies. 🥀😵
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Bitcoin Price Movements Could Trigger Significant Liquidations
According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $94,229, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $828 million. Conversely, if Bitcoin falls below $86,317, the cumulative liquidation intensity of long positions on these exchanges will also reach $828 million.
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