Bitcoin Price Drop Threatens $885 Million Liquidation Risk in Crypto Market

A significant drop in Bitcoin’s price could trigger a liquidation event worth $885 million, according to analysts. As market volatility increases, leveraged long positions held by traders on major cryptocurrency exchanges (CEXs) are particularly vulnerable. Data from Coinglass shows that if Bitcoin falls below the $104,000 mark, this could lead to automatic selling and liquidation of those positions. This event is likely to have a significant impact on exchanges like Binance. While there’s no official statement from exchange leaders or regulators, market experts are watching closely for potential shifts in the price.