Bitcoin Faces Massive Liquidation Waves with $948M Short and $588M Long Positions at Key Price Thresholds

According to recent data from Coinglass on July 26, 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 aggregate short liquidation intensity is projected to escalate to approximately $948 million. Conversely, a decline below $116,000 could prompt long liquidation intensity to surge to around $588 million. It is important to note that these figures represent relative liquidation intensity rather than exact contract volumes or liquidation values. The liquidation chart visualizes the potential market impact at specific price levels, with higher bars indicating stronger liquidity waves and more pronounced market reactions. Traders and investors should monitor these key price points closely, as they reflect areas of heightened risk and opportunity within the Bitcoin derivatives market.