Bitcoin Price Breakthrough at $10.9K Could Trigger $624M Short Liquidation Surge on Major CEXs

According to Coinglass data reported by COINOTAG News on June 29th, Bitcoin faces critical liquidation thresholds at key price levels. Should Bitcoin surpass the $10,900 mark, the aggregate short liquidation pressure across major centralized exchanges (CEXs) is projected to escalate to approximately $624 million. In contrast, a decline below $10,700 would trigger a significantly lower long liquidation intensity, estimated at around $63 million. It is important to note that the liquidation chart represents the relative intensity of liquidation clusters rather than exact contract quantities or values. These intensity bars illustrate the potential market impact at specific price points, highlighting zones where liquidity-driven price reactions are expected to be most pronounced. Investors and traders should closely monitor these liquidation clusters as they provide critical insights into possible volatility spikes and market dynamics within the Bitcoin ecosystem.