The recent fluctuations in the Bitcoin market have attracted attention. According to Coinglass data, if the Bitcoin price breaks through $103,000, the short liquidation intensity on mainstream cryptocurrency exchanges (CEX) will reach $231 million💰. This means that market bears may face immense pressure.
On the other hand, if the Bitcoin price drops below $98,000, the long liquidation intensity on mainstream CEX will reach $284 million📉, which is undoubtedly a challenge for the bulls.
Regardless of the market direction, investors need to remain calm and make cautious decisions. The volatility of the Bitcoin market brings opportunities for investors, but it also comes with risks⚖️.