Bitcoin Price Surge: What Happens if BTC Breaks $100,000 or Falls Below $95,000?

Recent analyses from Coinglass suggest that the cryptocurrency market may witness significant volatility, particularly regarding Bitcoin. As of February 3rd, a breakthrough beyond the $100,000 threshold could activate a cumulative short liquidation value of approximately $353 million on prominent centralized exchanges (CEX). Conversely, should the price of Bitcoin dip below $95,000, long liquidations could amount to about $342 million. It is imperative to understand that the liquidation metrics presented do not specify the precise count of contracts pending liquidation, nor do they convey the exact valuation of those contracts being liquidated. Instead, the liquidation chart illustrates the relative significance of each liquidation cluster. Elevated liquidation bars indicate intensified price fluctuations as they denote the potential liquidity cascade that occurs upon reaching specific price levels, indicating a critical juncture for market participants.