Bitcoin Short Liquidations Could Hit $288M if Price Surpasses $110,000, Coinglass Data Reveals

On July 8th, data from Coinglass highlights critical thresholds for Bitcoin’s price movements impacting liquidation volumes on major centralized exchanges (CEXs). Should Bitcoin surpass the $110,000 mark, the aggregated short liquidation intensity is projected to escalate to approximately $288 million. Conversely, a decline below $107,000 could trigger long liquidation intensity nearing $209 million. It is important to note that the liquidation chart reflects relative intensity rather than exact contract quantities or liquidation values. The graphical bars represent the comparative significance of liquidation clusters, illustrating potential market reactions to price shifts. Elevated liquidation bars suggest heightened volatility and liquidity cascades at specific price points, signaling increased market sensitivity. This data provides traders and investors with valuable insights into potential liquidity-driven price dynamics within the Bitcoin market, facilitating more informed risk management strategies.