Bitcoin liquidation pressure
Bitcoin could face significant liquidation pressure if its price falls below $109,000, leading to a cumulative long liquidation of $690 million across major centralized exchanges. The potential drop in Bitcoin’s value raises concerns among investors regarding the impact on long positions. A decline below this threshold may trigger sell-offs, exacerbating the liquidation situation. Traders are closely monitoring the price movements, as a breach of this level could signal further market volatility.
