On July 10th, data from Coinglass highlights critical thresholds for Bitcoin’s price action impacting market liquidity. Should Bitcoin surpass the $114,000 mark, the aggregate short liquidation volume across major centralized exchanges (CEXs) is projected to hit approximately $1.389 billion. Conversely, a decline below $108,500 could trigger long liquidation events totaling nearly $1.994 billion. These figures underscore significant liquidation pressure zones that traders and institutional investors must monitor closely.
It is important to note that the liquidation chart provided by COINOTAG does not quantify exact contract numbers or liquidation values. Instead, it illustrates the relative intensity of liquidation clusters, offering insight into potential market reactions. A pronounced liquidation bar signals heightened volatility as the price approaches these critical levels, driven by cascading liquidations that can amplify price movements within the crypto ecosystem.