Bitcoin Liquidations Fit Pass $3.5B for $112K / $116.7K
Coinglass data dey show say Bitcoin liquidation intensity don rise from estimated $609 million for $114K support level and $74 million for $116K resistance go potential $3.5 billion for updated key thresholds. If e drop below $112K, e fit trigger $1.09 billion long liquidations, meanwhile if e rally pass $116.7K, e fit force $2.5 billion short liquidations. Dis clusters of pending forced close orders dey show say volatility dey rise for major centralized exchanges. Traders suppose dey watch $112K, $114K and $116.7K zones, adjust their stop-loss orders, and manage margin risk well. Real-time Bitcoin liquidation intensity fit help predict sudden price swings and improve trading strategies.
Bearish
Di kombain data dey show sey Bitcoin get beta downside risk. One potential $1.09 billion long liquidation wey fit happen below $112K fit make selling start dey go one kain way, while $2.5 billion short liquidations whey fit happen above $116.7K fit just gimme small relief small time. The size of pending forced orders dey show sey volatility go increase and selling pressure go strong if support levels no hold. For short term and long term, traders dey face big risk of sharp declines, so overall market outlook na bearish.