On January 20th, COINOTAG reported on key data from Coinglass highlighting significant liquidation levels for Bitcoin. Should Bitcoin surge past $110,000, the total short liquidation across major centralized exchanges (CEXs) could soar to an astounding $6.12 billion. In contrast, a decline below $107,000 may trigger a long liquidation total of approximately $7.98 billion.
It’s important to note that the liquidation chart provided does not detail the precise number or value of contracts subject to liquidation. Instead, the graphical representation signifies the relative intensity of each liquidation cluster rather than an exact quantification. This means that higher “liquidation bars” on the chart indicate a more substantial market reaction is likely when Bitcoin reaches critical price thresholds, suggesting potential volatility driven by liquidity cascades.