Bitcoin Price Analysis: $111,000 Breakout Could Trigger $1.135 Billion in Liquidations

According to COINOTAG News, as of May 27th, Bitcoin is approaching a pivotal price point that could significantly influence market dynamics. Data from Coinglass indicates that a surge past $111,000 may trigger a cumulative short liquidation intensity exceeding $1.135 billion across major centralized exchanges (CEXs). Conversely, should Bitcoin dip below $109,000, a cumulative long liquidation intensity could escalate to $243 million. It’s essential to note that the liquidation charts provided do not accurately reflect the specific volume of contracts at risk or the precise value being liquidated. Instead, these charts highlight the relative intensity of liquidation clusters, revealing how price movements can lead to cascading liquidity events. Thus, the intensity indicators serve as critical signals for traders looking to navigate potential volatility in the market.