BTC breaking above $94,738 or falling below $85,998 will trigger massive liquidations
According to ChainCatcher, data from Coinglass shows that if BTC breaks above $94,738, the liquidation strength of mainstream CEX long positions will reach $2.206 billion. If BTC falls below $85,998, the liquidation strength of mainstream CEX short positions will reach $1.155 billion.
— The folks who get liquidated are ultimately too greedy! If the contract position is 1% with 100x leverage, that's the critical point to never be liquidated! Those traders who move in with 5% margin and 100x leverage have no idea how many times they've been liquidated!
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BTC breaking above $94,738 or falling below $85,998 will trigger massive liquidations
According to ChainCatcher, data from Coinglass shows that if BTC breaks above $94,738, the liquidation strength of mainstream CEX long positions will reach $2.206 billion. If BTC falls below $85,998, the liquidation strength of mainstream CEX short positions will reach $1.155 billion.
— The folks who get liquidated are ultimately too greedy! If the contract position is 1% with 100x leverage, that's the critical point to never be liquidated!
Those traders who move in with 5% margin and 100x leverage have no idea how many times they've been liquidated!