Bitcoin Price Drop Could Trigger Massive Liquidations: New Chart Reveals Potential Impact

A recent chart from BlockBeats reveals the potential impact of Bitcoin’s price on market activity, particularly regarding long and short positions. If prices fall below $103,000, the cumulative liquidation value for long contracts on major centralized exchanges (CEX) could reach a significant $763 million. On the other hand, if Bitcoin surpasses $105,000, this will lead to a $33.96 million drop in short position liquidations. 🚫
Note: While not providing exact contract numbers or their precise value, the chart uses bar visualizations to show intensity of liquidation clusters compared to nearby ones.