Bitcoin’s Breakout Potential: Understanding Liquidation Intensity Ahead of All-Time Highs

According to recent data from Coinglass, as reported by COINOTAG News on November 6th, the landscape of Bitcoin trading is poised for significant volatility. Should Bitcoin surpass its all-time high, the total short liquidation intensity on major centralized exchanges (CEXes) could soar to approximately $215 million. Conversely, a decline beneath the $68,000 mark might trigger cumulative long liquidations nearing $484 million. It’s essential to recognize that the liquidation chart does not depict the precise number of liquidated contracts but rather highlights the relative significance of each liquidation cluster. This analysis underscores how various price thresholds could provoke varying degrees of market reaction. The heightened intensity indicated by larger bars in the liquidation chart suggests that as specific price levels are attained, a pronounced liquidity cascade could ensue, leading to amplified market movements.

BREAKING NEWS

Andrew Kang’s Address Shorts 22,271 ETH ($86.7M) at 25x Leverage — $760K Unrealized Profit

COINOTAG News on October 17 reports, citing MLM Monitor,...

Bitcoin’s Critical $10.6K–$10.7K Support Zone — CryptoQuant Analyst Axel Says $10K Test Likely If Broken

CryptoQuant analyst Axel posted on social media identifying Bitcoin...

Whale Readjusts ETH Buy Range to $3,660–$3,710, Plans $11M Purchase — On-Chain Analyst

COINOTAG News reports that on October 17 an on-chain...

Trump Files Slimmed-Down 40-Page Defamation Suit Against New York Times Seeking $150 Billion in U.S. Dollars

On October 17, U.S. President Donald Trump refiled a...

Whale Deposits 58.6M ASTER ($92.3M) to Daniel Larimer’s Binance Wallet — Over $23M Loss Reported

On October 17, COINOTAG — citing on‑chain monitoring by...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img