Bitcoin Price Movements Could Trigger Significant Liquidations

According to BlockBeats, data from Coinglass indicates that if Bitcoin's price falls below $103,000, the cumulative liquidation intensity of long positions on major centralized exchanges (CEX) will reach $702 million. Conversely, if Bitcoin surpasses $106,000, the cumulative liquidation intensity of short positions on these exchanges will amount to $612 million. BlockBeats notes that the liquidation chart does not display the exact number of contracts pending liquidation or their precise value. Instead, the bars on the chart represent the relative importance, or intensity, of each liquidation cluster compared to nearby clusters.