Bitcoin rebound
If Bitcoin surpasses $112,000, the cumulative short liquidation pressure on mainstream centralized exchanges (CEX) is projected to reach $819 million. This potential rebound could significantly impact market dynamics. Traders are closely monitoring Bitcoin’s price movements, as a rise above this threshold may lead to substantial liquidations. The implications of such a scenario could affect both short-term and long-term trading strategies within the cryptocurrency market. Market participants are advised to stay vigilant as Bitcoin approaches this critical level.
