Bitcoin Near Key Levels: Break Through $11.7K Could Trigger $798M in Short Liquidations on Major CEXs; Dip Below $11.3K May Trigger $470M in Long Liquidations

COINOTAG News, citing data from Coinglass on October 27, outlines a price-threshold risk scenario for Bitcoin. A move above $11.7K would align with a projected short liquidation exposure near $798 million across mainstream CEXs.

Conversely, a drop below $11.3K would correspond to a projected long liquidation exposure of about $470 million on major CEXs.

COINOTAG notes that the liquidation chart does not disclose exact contract counts or notional values; the bars represent the relative importance of each liquidation cluster rather than precise totals, signaling how liquidity dynamics may intensify when price reaches those levels.

Traders should view these metrics as near-term indicators of liquidity risk rather than deterministic outcomes, monitoring price action as BTC approaches the key thresholds to assess potential market impact.

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