BREAKING
215d 4h ago

Bitcoin Surge Beyond $114,000 Triggers $1.389 Billion Short Order Liquidation on Major CEX Platforms

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Should Bitcoin surpass the critical resistance level of $114,000, the aggregate short order liquidation volume across major centralized exchanges (CEX) is projected to escalate to approximately 1.389 billion USD. This significant liquidation threshold underscores the heightened market volatility and the potential for rapid deleveraging among traders holding short positions. Market participants and institutional investors should monitor this price point closely, as it may trigger substantial shifts in liquidity and trading dynamics within the crypto ecosystem. Understanding these liquidation metrics is crucial for risk management and strategic positioning in the evolving digital asset landscape.

Share News:
Don't Miss Breaking News