The 'Critical Point' of Bitcoin Prices Highlights the Tug of War Between Bulls and Bears, with a Wave of Liquidations on the Horizon!

On December 15th, according to Coinglass data, if Bitcoin breaks through $104,000, the liquidation intensity of short positions on mainstream CEX will reach $915 million. Conversely, if Bitcoin falls below $101,000, the liquidation intensity of long positions will surge to $609 million.

It is important to clarify that the liquidation chart does not accurately represent the number of contracts awaiting liquidation or the specific value of contracts being liquidated; rather, it reflects the potential intensity of liquidity fluctuations when the price reaches a certain critical level. A higher 'liquidation column' indicates that the market may respond sharply due to a wave of liquidations when the price breaks through specific points.

The current market is at a delicate turning point, and we may face significant volatility in the short term. Investors must remain vigilant and accurately grasp the timing of entry and exit!