$106K and $108K Could Trigger Major Liquidation Events on CEXs
On May 25th, COINOTAG reported insights from Coinglass, highlighting critical liquidation levels for Bitcoin. Should Bitcoin dip below $106,000, a staggering $1.122 billion in cumulative long liquidations on major centralized exchanges (CEXs) may occur. In a contrasting scenario, if Bitcoin manages to exceed $108,000, we could witness approximately $664 million in cumulative short liquidations. It … Read more