The Bitcoin market is stirring again! According to Coinglass data, if the Bitcoin price breaks through $100,000, the short liquidation intensity on major cryptocurrency exchanges (CEX) will reach $863 million 💥. This means that market bears will face tremendous pressure.
On the other hand, if the Bitcoin price falls below $93,000, market bulls will also face challenges, with cumulative long liquidation intensity potentially reaching $1.434 billion 📉. This showdown between bulls and bears will undoubtedly attract significant attention from the market.
Regardless of how the Bitcoin price fluctuates, investors should act cautiously and closely monitor market dynamics. 🔍