Bitcoin's $104K Breach Could Trigger $538M Short Liquidation

Based on the provided news articles, here's a structured summary of the key points for each topic: 1. * According to COINOTAG data, if Bitcoin surpasses $104,000, a significant short liquidation volume across major centralized exchanges (CEX) could amount to approximately $538 million. * Conversely, a dip below $101,000 may unleash a cumulative long liquidation intensity of around $628 million. * The liquidation chart serves as an indicator of potential market reactions rather than providing precise contract data. The graphical representation reflects the relative intensity of various liquidation clusters, illustrating how the price movement of Bitcoin could trigger a substantial liquidity cascade at critical levels. 2. * Arthur Hayes, co-founder of BitMEX, predicts a potential 30% correction for Bitcoin (BTC), anticipating a price drop to between $70,000 and $75,000. * This forecast is primarily influenced by rising U.S. Treasury yields and persistent inflation, impacting the broader crypto market. * According to Hayes, "I think we are more likely to go down to $70,000 to $75,000 Bitcoin and then rise to $250k by the end of the year than to continue girding higher with no material pullback." – COINOTAG Source. 3. * CoinDesk's report indicates that Bitcoin short-term holders exited at a loss on Monday as the price dropped, while derivative traders also triggered stop-loss orders, leading to a significant reduction in open futures contracts on the Chicago Mercantile Exchange. * According to Glassnode's definition, short-term holders are those holding Bitcoin for less than 155 days. Data shows that these addresses transferred over 21,000 BTC (approximately $2.2 billion) to exchanges and sold at a loss during a 4.7% Bitcoin price drop (the largest in two weeks). The amount of Bitcoin transferred to exchanges