In a recent analysis by COINOTAG, dated January 28th, the data from Coinglass reveals critical price thresholds for Bitcoin. Should Bitcoin surpass the $104,000 mark, 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. This information is pivotal for traders, as it underscores the liquidation landscape within the cryptocurrency market.
It’s essential to note that 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. A pronounced “liquidation bar” hints at heightened market sensitivity, suggesting that trading strategies should be adjusted in accordance with these imminent thresholds.