Bitcoin Price Impact: Key Liquidation Triggers as It Approaches $100,000 and $104,000

On May 19th, COINOTAG reported that data from Coinglass indicates a critical threshold for Bitcoin’s market dynamics. Should Bitcoin’s price dip below $100,000, there is a potential for cumulative long liquidations on mainstream centralized exchanges (CEXs) to reach an astonishing $288 million. Conversely, a rise above $104,000 could trigger cumulative short liquidations of approximately $252 million. It is essential to understand that the liquidation chart does not specify the exact quantity of contracts subject to liquidation or their precise values; instead, it illustrates the relative significance of each liquidation cluster compared to others. This visualization aids traders in assessing potential market reactions. A more prominent liquidation bar signifies a heightened likelihood of a liquidity cascade, indicating that price fluctuations at these key levels will elicit substantial market responses.