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91d 10h ago

Bitcoin at Key Levels: A $106K Rebound May Unleash $563M in Short Liquidations on Major CEXs; A $100K Drop Could Trigger $1.4B in Long Liquidations (Coinglass Data)

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

COINOTAG, citing Coinglass data, outlines two Bitcoin scenarios. A move above $106,000 could trigger about $563 million in short liquidations on mainstream CEXs, while a dip under $100,000 might unleash as much as $1.4 billion in long liquidations. These figures signal potential liquidity stress rather than exact contract counts, reflecting current margin dynamics.

The accompanying liquidation chart conveys relative importance rather than precise metrics: bars denote the intensity of each liquidation cluster relative to neighbors. A higher liquidation bar implies a deeper liquidity cascade and a more pronounced market reaction if those price levels are reached, underscoring order-book depth fragility near key anchors.

For risk managers and active traders, the takeaway is clear: monitor price thresholds around the six-figure level and employ disciplined risk controls, such as position sizing, risk limits, and hedging, to mitigate potential cascading liquidations in volatile crypto markets.

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