Bitcoin Liquidation Intensity Could Surge to $885M if Price Drops Below $104,000, Coinglass Data Reveals

According to recent data from Coinglass, the Bitcoin price levels of $104,000 and $106,000 are critical thresholds for liquidation activity on major centralized exchanges (CEXs). Should Bitcoin dip below $104,000, the aggregate long liquidation intensity is projected to escalate to approximately $885 million, signaling significant sell-side pressure. Conversely, surpassing $106,000 could trigger a cumulative short liquidation intensity nearing $11.6 million, reflecting a notable short squeeze potential. It is important to clarify that the liquidation chart represents the relative intensity of liquidation clusters, not the precise number or value of contracts liquidated. These intensity bars illustrate the potential market impact at specific price points, indicating that higher bars correspond to more pronounced price reactions due to liquidity surges. Traders and investors should monitor these liquidation intensities closely, as they provide valuable insights into market dynamics and potential volatility around key Bitcoin price levels.