Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Bitcoin Near Key Levels as Potential Liquidations Exceed $2.8 Billion
According to ChainCatcher News, citing data from Coinglass, Bitcoin (BTC) is approaching critical price thresholds that could trigger large-scale liquidations across major centralized exchanges (CEXs), significantly increasing market volatility.
If BTC breaks above $87,889, the cumulative short-position liquidation intensity on mainstream CEXs is estimated to reach approximately $2.047 billion. Such a breakout could ignite a powerful short squeeze, forcing leveraged short positions to close and potentially accelerating upward price momentum.
On the downside, if BTC falls below $79,644, the cumulative long-position liquidation intensity is projected to reach around $795 million. This scenario could intensify selling pressure, as over-leveraged long positions are liquidated, potentially leading to a sharp and rapid decline in price.
These liquidation levels highlight the elevated leverage currently present in the Bitcoin derivatives market. As BTC trades within this range, any decisive move toward either threshold may act as a catalyst for increased volatility and directional expansion.
Traders and investors are closely watching these key zones, as a breakout or breakdown could not only define Bitcoin’s short-term trend but also influence sentiment across the broader cryptocurrency market.#AIBotClawdbotGoesViral #BitcoinFallsBehindGold