CoinglassAccording to current data provided by Bitcoin 
$76,133If the price of (BTC) exceeds the $78 thousand level Binance There will be a liquidation of $1.543 billion of accumulated short positions on centralized cryptocurrency exchanges (CEXs) such as. On the other hand, if the price of the largest cryptocurrency falls below 75 thousand dollars, the total long position liquidation will be 814 million dollars.
Bitcoin’s Price Movements and Liquidation Intensity
BitcoinReaching certain price levels will lead to major liquidation effects in the futures markets. The bars appearing on Coinglass’s liquidation map represent the density of liquidation clusters at each price level and their importance compared to neighboring liquidation clusters.
As the bars on the chart rise, the market tends to react more intensely at the relevant price point. This situation is the biggest cryptocurrencyIt means that when the price reaches a certain point, a more violent movement may occur due to liquidation fluctuations.
Potential Effects of Bitcoin Rising or Falling
If the price of Bitcoin exceeds the $78 thousand level short A mass liquidation of positions may be triggered. This can create intense selling pressure in the market and lead to sharp fluctuations in price movements. Similarly, if the price falls below 75 vin dollars long Liquidation pressure on positions will increase and the market can be expected to receive an intense reaction at this level.
current table futures marketsIt indicates great risks for investors who trade using high leverage. Because the price has a liquidation accumulation that can cause sharp movements in the market both upwards and downwards.
All available data indicate that reaching certain levels in the price of Bitcoin will cause the market to liquidation It offers investors an important perspective to understand the pressure. Possible liquidations in the price movements of the largest cryptocurrency are being followed carefully, as they will directly affect the market dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
