Bitcoin Price Drop Risks Major Exchange Liquidations

A potential price drop of Bitcoin below the $106,000 mark threatens major exchange liquidations. A significant sell-off could trigger a surge in long liquidation pressures across centralized exchanges, amounting to a staggering $1.12 billion, according to recent data. 📈 🤯 This situation puts pressure on platforms like Binance and Bitget as they become potential targets if such massive liquidations occur.