Bitcoin Price Movements Could Trigger Billions in Liquidations on Major Exchanges

New data from BlockBeats reveals the potential impact of Bitcoin’s price movements on exchange trading activity. If the price surpasses $108,000, short positions will see a cumulative liquidation value of around $822 million. Conversely, if Bitcoin falls below $105,000, long positions could face losses amounting to $635 million. 📊 It’s important to note that the chart provided by BlockBeats doesn’t directly reveal the exact number of pending liquidations or the total value of liquidated contracts. Instead, it highlights the relative intensity of each cluster through its bar representation.