If Bitcoin exceeds $108,000, the cumulative short liquidation intensity across mainstream centralized exchanges (CEX) is projected to reach $4.09 billion. This significant figure indicates the potential impact on the market as traders may face substantial losses. The liquidation of short positions typically occurs when the price of an asset rises sharply, forcing traders who bet against it to close their positions. Such a scenario could lead to increased volatility in the cryptocurrency market. Traders and investors will be closely monitoring Bitcoin’s price movements, as surpassing this threshold could have widespread implications for market dynamics.
