Should Bitcoin exceed $113,000, total short liquidation volume across mainstream centralized exchanges (CEX) is projected to reach $1.247 billion. This anticipated surge in liquidation volume indicates a significant market shift. Traders holding short positions may face considerable risks if Bitcoin breaks this key price level. The implications of such a movement could lead to increased volatility in the cryptocurrency market, impacting various participants. Monitoring price trends will be essential for understanding potential liquidations and market dynamics.
