Bitcoin liquidation pressure
Bitcoin is facing significant liquidation pressure from mainstream centralized exchanges if its price dips below $107,000, potentially reaching a staggering $854 million in long positions. Such a decline would trigger a wave of liquidations, impacting the stability of the market. Traders and investors closely monitor these price levels, as the implications could be broad for the cryptocurrency ecosystem. As Bitcoin’s price fluctuates, market participants remain vigilant about the potential shifts in trading behavior and the overall sentiment among investors.
