BTC Liquidations: $3.1B Short vs. $2.43B Long Key Levels
Coinglass data dey show say BTC liquidation intensity dey peak for two important levels for big centralized exchanges dem. If e break pass the updated $118,996 resistance, e fit trigger about $3.126 billion short liquidations, wey go carry sharp short squeeze plus plenty volatility. But if e fall below the adjusted $108,232 support, e fit force like $2.432 billion long liquidations, wey fit cause bearish sell-offs quick quick. Before thresholds—$119,203 for shorts plus $108,322 for longs—dem see $3.35 billion and $2.346 billion liquidated, show say market dey continue dey swing. Traders suppose dey watch these support and resistance levels well, use stop-loss orders, and adjust risk management strategies to handle fast price wahala wey dem forced position closures dey cause.
Neutral
Di report shine dey highlight both bullish and bearish triggers for BTC. If short squeeze pass $118,996 e fit push price go high, meanwhile long liquidations under $108,232 fit make market dash go down quick. For short term, dis forced close dem dey cause price sharp sharp swing and market volatily high. For long term, if e continue break level like dat e go affect BTC direction but since we get different liquidity events wey dey oppose each other, e make short term outlook neutral.