Bitcoin Drop Could Trigger $848 Million in CEX Liquidations

A potential dip in Bitcoin’s price to around $92,000 could trigger a significant liquidation event of up to $848 million across major centralized exchanges (CEXs). This massive liquidations are expected to impact the broader cryptocurrency market and its participants, as well as the crypto ecosystem’s resilience. The potential decline in Bitcoin has been observed as it impacts both trading activity on platforms like Binance, OKX, Bybit, and Coinbase Prime, along with institutional investors such as BlackRock, who have recently increased their cryptocurrency holdings.