According to recent data from Coinglass, a significant threshold looms for Bitcoin as it approaches the $106,000 mark. Should Bitcoin surpass this level, the short liquidation pressure across major centralized exchanges (CEX) is projected to escalate to approximately $1.141 billion. Conversely, a decline below $103,000 could trigger a substantial long liquidation event, with potential liquidations reaching $1.388 billion. This dynamic highlights critical price points where market participants may face intense margin calls, influencing overall market liquidity and volatility.
It is important to note that the liquidation chart provided by COINOTAG does not quantify the exact number of contracts or their precise value. Instead, it visualizes the relative liquidation strength of clusters, indicating the potential impact on price movements when these levels are breached. Elevated liquidation bars suggest a heightened risk of cascading liquidations, which can amplify price swings and market reactions in the short term.