According to insights from COINOTAG on May 31st, recent analytics from Coinglass highlight critical price levels for Bitcoin. If Bitcoin’s value descends
According to insights from COINOTAG on May 31st, recent analytics from Coinglass highlight critical price levels for Bitcoin. If Bitcoins value descends below $102,000, the potential for cumulative long liquidations on major CEXs could reach a staggering $987 million. Conversely, breaching the $105,000 threshold could lead to a cumulative short liquidation of approximately $476 million.
It is essential to note that the liquidation chart provides a contextual analysis, not a precise breakdown of liquidated contracts or their respective values. The graphical representation illustrates the significance of various liquidation clusters, offering insights into the potential market activity tied to specific price points. Higher liquidations at certain thresholds suggest amplified market reactions, which can trigger a liquidity cascade, posing both risks and opportunities for investors navigating the volatile crypto landscape.
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