Bitcoin may see significant long liquidation volume on centralized exchanges if its value drops below $102,000. Analysts suggest that this volume could reach approximately $848 million. Such a decline could trigger a wave of liquidations, impacting traders who have taken long positions on Bitcoin. Market participants are closely monitoring Bitcoin’s price movements, as the threshold of $102,000 is viewed as a critical level. A drop below this point may lead to increased volatility in the cryptocurrency market, affecting not just Bitcoin but also other digital assets.
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