Bitcoin News Update: "Centralized Exchange Liquidation Threats and Decentralized Exchange Growth Drive Crypto Market to a Turning Point"
- Bitcoin's price near $110k triggers $1.263B long liquidation risk if it drops below $109k, per BlockBeats analysis. - Binance sees $5.56B in whale deposits over 30 days, raising questions about accumulation vs. liquidation exploitation strategies. - Hyperliquid leads DEX surge with $317.6B in October perp trading, challenging CEX dominance through 24/7 leverage and no expiration dates. - Allegations of Binance-Wintermute collusion during October crash highlight CEX governance risks amid $19B retail liqui
Recent fluctuations in Bitcoin’s value have reignited worries about possible liquidation waves on centralized exchanges (CEXs). Data indicates that should Bitcoin fall below $109,000, the total long liquidation could reach $1.263 billion. On the other hand, if the price climbs above $113,000, short liquidations might total $1.373 billion, according to a
Binance, recognized as the largest crypto trading platform globally, has experienced a notable increase in substantial deposits, with $5.56 billion in whale transactions—each over 1,000 BTC—flowing in over the past month, as reported by a
At the same time, decentralized exchanges are mounting a challenge to CEX supremacy, with platforms like Hyperliquid achieving unprecedented perpetual trading volumes. In October, decentralized
The convergence of these developments—risks of CEX liquidations, significant whale activity on Binance, and the ascent of DEXs—signals a pivotal moment for the market. While traditional exchanges are under increasing scrutiny regarding transparency and governance, decentralized platforms are quickly catching up in terms of features. For now, Bitcoin’s price remains the key variable, with each dollar shift impacting leveraged trades and the wider crypto ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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