Bitcoin Liquidation Intensity Could Surge to $1.3 Billion if Price Drops Below $106,000

According to data from Coinglass on July 8, Bitcoin’s price movements near critical thresholds could trigger significant liquidation events on major centralized exchanges (CEX). Should Bitcoin surpass the $110,000 mark, the cumulative short position liquidations are projected to intensify, potentially reaching approximately $996 million. Conversely, a decline below $106,000 may prompt long position liquidations totaling around $1.309 billion. It is important to note that the liquidation chart provided by COINOTAG does not quantify the exact contract volumes or values but rather illustrates the relative strength of liquidation clusters. These clusters indicate the potential market impact at specific price levels, with larger liquidation bars signifying stronger price reactions to liquidity surges. This data offers valuable insight into market dynamics and risk exposure for traders monitoring Bitcoin’s price volatility on mainstream CEX platforms.