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Bitcoin Breaks $116K Triggering Massive Short Liquidations on CEXs

If Bitcoin surpasses $116,000, the pressure from short liquidations on major centralized exchanges (CEXs) will escalate to approximately 736 million, indicating a significant shift in market sentiment and potential bullish momentum.
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AI Analysis

This analysis suggests that if Bitcoin's price exceeds the $116,000 threshold, it could lead to substantial short liquidations on leading centralized exchanges such as Binance, Coinbase, and Kraken. T...

AI Recommendation

Given the potential for high liquidation pressure if Bitcoin exceeds $116,000, traders should exercise caution and consider employing risk management strategies such as setting tight stop-loss orders....

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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