bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-movements-could-trigger-major-liquidations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Movements Could Trigger Major Liquidations</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-pivotal-halving-a-92-progress-report-by-analyst-root" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and other altcoins are bracing for the upcoming release of critical US inflation <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>. Scheduled for 15:30 today, this announcement could significantly impact <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> volatility and drive substantial liquidations. Data from Coinglass indicates that Bitcoin’s price movement beyond specific thresholds could prompt sharp market reactions.</p>
<h2 id="what-are-the-potential-liquidation-amounts">What Are the Potential Liquidation Amounts?</h2>
<p style="text-align: justify">According to Coinglass, if Bitcoin’s price falls below $55,000, long positions on major centralized exchanges may face liquidations amounting to $765 million. Conversely, if the price surpasses $58,000, short positions could see liquidations reaching $585 million.</p>
<h2 id="how-does-the-liquidation-map-work">How Does the Liquidation Map Work?</h2>
<p style="text-align: justify">The liquidation map provided by Coinglass visually represents the intensity of potential market reactions at specific price levels. The bars in the chart demonstrate the relative significance of each liquidation cluster, indicating that longer bars represent more intense potential market reactions.</p>
<h2 id="market-reaction-predictions">Market Reaction Predictions</h2>
<p style="text-align: justify">Key points derived from the data include:</p>
<ul>
 <li>If Bitcoin falls below $55,000, long position liquidations could amount to $765 million, potentially driving prices further down.</li>
 <li>If Bitcoin exceeds $58,000, short position liquidations could reach $585 million, possibly pushing prices higher.</li>
 <li>Liquidation events underscore the risky nature of leveraged trading, where price movements can amplify market volatility.</li>
</ul>
<p style="text-align: justify">As market participants await Bitcoin’s next significant move, both bullish and bearish traders are preparing for potential price swings that could either trigger massive liquidations or create profit opportunities. Currently, BTC is trading at $56,615, which is between the critical liquidation thresholds.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-movements-could-trigger-major-liquidations" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Movements Could Trigger Major Liquidations</a></h5>

Bitcoin Price Movements Could Trigger Major Liquidations

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