Bitcoin Approaches $110,000: Potential for Liquidations of $735 Million

A potential drop in Bitcoin’s price below the crucial $110,000 threshold is triggering concerns across major exchanges and investor communities. According to Coinglass data, this scenario could lead to a significant liquidation event of approximately $735 million, impacting platforms like Binance and Coinbase. This risk underscores the volatility inherent in crypto derivatives and spot markets, potentially affecting assets like Bitcoin and Ethereum.