Bitcoin Could Trigger $514 Million Liquidations as it Approaches $110,000

Reaching the $110,000 mark could trigger significant market volatility, potentially causing short liquidations of up to $514 million on major centralized exchanges like Binance and Coinbase, according to recent data from Coinglass and other analytics sources. This prediction stems from on-chain derivatives and exchange liquidation analytics. While the exact impact remains uncertain, there’s potential for a domino effect with cascading liquidations potentially exacerbating price movements.