Bitcoin Liquidation Intensity Could Surge to $677M if Price Drops Below $116K, Coinglass Data Reveals

According to recent data from Coinglass, a significant threshold looms for Bitcoin traders on centralized exchanges (CEXs). Should Bitcoin’s price dip below $116,000, the market could witness a substantial liquidation event, with long positions potentially triggering a cumulative liquidation intensity of approximately $677 million. Conversely, a breakout above $120,000 could prompt short sellers to face liquidations totaling around $259 million. It is important to note that these figures represent liquidation intensity rather than exact contract values, reflecting the relative impact each price level may have on market dynamics. The liquidation intensity bars serve as indicators of potential liquidity waves, highlighting price points where market reactions could be amplified due to clustered liquidations. Traders and investors should monitor these critical levels closely, as they provide insight into possible volatility spikes driven by concentrated liquidation activity on major CEX platforms.