Bitcoin Liquidation Levels at $105K and $109K: What Traders Need to Know

Recent data from Coinglass highlights significant thresholds for Bitcoin trading postures on mainstream centralized exchanges (CEXs). As of May 29th, a potential drop below $105,000 could trigger cumulative long liquidations amounting to approximately $577 million. Conversely, crossing the mark of $109,000 may lead to about $275 million in cumulative short liquidations. It is crucial to note that the liquidation chart does not specify exact contract numbers or values; rather, it illustrates the relational strength of liquidation clusters. The height of the liquidation bars denotes how Hprice movement towards particular levels amplifies market reactions. In essence, these metrics signal pronounced volatility, with stronger liquidation responses expected as prices near these pivotal thresholds. Investors should remain vigilant as these dynamics could significantly influence market sentiment.