Bitcoin bullishness continues in May… WinsomeX warns of high liquidation risk, beware of increased volatility

Recently, Bitcoin (BTC) has been on a bullish trend since the beginning of May, raising expectations in the market.
Cap) increased by more than $30 billion by May 14, indicating a recovery in investment sentiment and active inflow of new funds.
As a result, industry experts, such as WinsomeX, are cautiously predicting the possibility of an additional 10% or more rise in the short term.
Bitcoin is currently forming a box range between $105,700 and $100,678 and is supporting around $102,000.
If the price continues to hold steady, there is a possibility that a full-scale attempt to break through $110,000 will begin. Also, according to the volatility indicator, Bitcoin is expected to rise to $135,000 in the future.
This is interpreted as meaning that there is room for further growth. However, along with market expectations of an upswing, there is also the risk of a short-term correction due to high-multiple derivative liquidation. Global cryptocurrency exchange Binance
As of the 15th, the Bitcoin futures price recorded $102,734, and if it falls below the support line of $102,500, long positions worth about $100 million could be liquidated.
According to derivatives data analysis platform CoinGlass, the long liquidation volume in this price range is about $122.54 million, of which 10% is
It was found that only 0x leverage positions amounted to approximately $58.96 million. In response, domestic exchange WinsomeX said, "Recently, there have been a lot of high-leverage derivatives in the market.
"In particular, extreme price volatility has been observed in some coins, necessitating special caution from investors."
WinsomeX is strengthening its high-risk zone monitoring system to protect users as it expects the market to be highly volatile this year. It also plans to continue to improve its risk management functions in the future.
The company plans to improve its system and build a mechanism to provide advance warning of high liquidation risk. A WinsomeX official said, "As the market environment is fluctuating rapidly, investors need to implement thorough risk management strategies.
"A careful approach is needed," he added.