Market indicators show that once the price of Bitcoin falls below the critical level of $95,000, it may trigger a severe market turmoil, with the total liquidation of long positions expected to reach an astonishing $670 million.
However, Bitcoin has demonstrated strong momentum, successfully breaking through the resistance barrier of $100,000, fundamentally altering the entire situation.
In this scenario, short positions on mainstream cryptocurrency exchanges (CEX) will face heavy losses, with total liquidations potentially reaching $1.665 billion, and the market may usher in a new pattern reshaping.