Is Bitcoin about to experience a violent fluctuation? The liquidation chart reveals the long and short "death zones" of 103,000 and 107,000!
On December 18, according to Coinglass data, the price of Bitcoin is hovering on the edge of a "liquidation storm":
If the price falls below $103,000, the cumulative long order liquidation intensity of mainstream exchanges (CEX) will soar to $975 million, and longs may face a catastrophe; if the price breaks through $107,000, the cumulative short order liquidation intensity of mainstream exchanges will also be as high as $774 million, and shorts will be liquidated instantly.
The liquidation chart does not show the exact number of contracts to be liquidated, but reveals the importance of different liquidation clusters. The high column means that after the price reaches this point, the market liquidity may trigger a violent reaction and form a liquidity wave.
The long and short confrontation, the critical point of the liquidity minefield explosion is approaching! The market may experience violent fluctuations due to liquidation at any time, and both long and short positions need to be extra vigilant. This high-risk, high-return situation is definitely a battlefield for experts to hunt, and ordinary players must control their hands!
