If Bitcoin surpasses the $118,000 mark, it is anticipated that the cumulative short liquidation intensity on mainstream centralized exchanges (CEXs) will total $1.12 billion. This significant figure highlights the potential volatility in the market as traders respond to price movements. A break above this threshold could lead to substantial liquidations for those holding short positions. Traders are closely monitoring Bitcoin’s price, understanding that a surge past this level could have far-reaching implications for market dynamics. The reaction of traders and the broader market to such price changes could influence future trading strategies.
