Bitcoin breaking through $97,000 may trigger 811 million short order liquidations, and falling below $94,000 may trigger a liquidation of 1.054 billion long orders!
According to the latest data, if the price of Bitcoin breaks through $97,000, the liquidation intensity of short orders on mainstream CEX will be as high as $811 million, which may trigger a fierce wave of short covering! On the contrary, if Bitcoin falls below $94,000, it is expected that the liquidation intensity of long orders on mainstream CEX will climb to $1.054 billion, which may lead to a large number of long stop losses and increased market volatility.
This critical point to ignite the market is approaching, and in the next few days, the price trend of Bitcoin will undoubtedly have a profound impact on the entire crypto market. If you are not ready to seize this wave of market, it is best to start paying attention now!
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