Bitcoin Price Drops Could Trigger Billions in Liquidations

A new report from ChainCatcher reveals that if Bitcoin’s price drops below $86,801, the combined value of long positions liquidated on major centralized exchanges will reach $1.846 billion. Conversely, a surge above $95,541 would see short positions on these same exchanges generate a liquidation value of $1.638 billion. This data highlights the significant impact price fluctuations can have on market dynamics.