Bitcoin Liquidation Intensity Could Surge to Nearly $1 Billion as Price Approaches Key $116K-$119K Thresholds

According to recent data from Coinglass on July 13, Bitcoin’s price movements near critical thresholds could trigger significant liquidation events on major centralized exchanges (CEXs). Should Bitcoin surpass the $119,000 mark, the cumulative short liquidation intensity is projected to reach approximately $765 million. Conversely, a decline below $116,000 could prompt long liquidation intensity nearing $979 million. It is important to note that these figures represent liquidation intensity rather than exact contract volumes or values, reflecting the relative impact of liquidation clusters on price dynamics. The liquidation chart serves as a valuable tool for assessing potential market reactions, illustrating how liquidity waves at specific price points may amplify volatility. Traders and investors should consider these metrics when evaluating risk exposure and positioning within the Bitcoin market to better navigate potential price fluctuations.