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
The Bitcoin price threshold is becoming a market focal point. According to on-chain data, the leverage positions on major trading platforms have reached a critical point.
Specifically, if BTC breaks through the $99,665 level, the liquidation scale of accumulated short positions on mainstream CEX platforms will reach $1.494 billion — this means that a large number of short sellers will face chain liquidations at this price. Conversely, if Bitcoin falls below the support level of $90,644, the long liquidation strength will also be significant, with a total liquidation scale of $1.326 billion.
This bidirectional liquidation pressure reflects the current extreme imbalance in the market. Massive leverage positions are stacked on both ends, like a sword hanging over traders’ heads — any breakout in either direction could trigger a fierce chain reaction. This is also why many traders have been particularly cautious during this period.