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Bitcoin traded with notable price volatility, retreating to about $108,000 before entering a sideways adjustment that has persisted for more than ten hours.
According to Coinglass data, a drop below $107,000 could unleash about $854 million in cumulative long liquidation pressures across mainstream CEXs.
On the upside, a move past $109,000 may trigger roughly $144 million in cumulative short liquidation pressures at major exchanges.
COINOTAG emphasizes that the liquidation chart does not disclose exact contract counts or values; its bars reflect the relative significance of liquidity clusters and the anticipated price response as the target level is reached.
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