Bitcoin Price Predictions: Key Liquidation Levels as Market Gears Up for $98K and $100K Targets

According to recent insights from Coinglass, if Bitcoin dips beneath $98,000, the cumulative long liquidation on mainstream centralized exchanges (CEXs) could surge to approximately $1.214 billion. Conversely, should Bitcoin exceed the $100,000 threshold, the cumulative short liquidation across CEXs might reach $136 million. Notably, while the liquidation chart illustrates potential impacts on trader positions, it does not define the exact number of contracts involved or their respective values. The graphic emphasizes liquidation clusters’ relative significance, conveying insights on market behavior as Bitcoin approaches specified price points. A more pronounced “liquidation bar” on the chart signifies intense market reaction, indicating that a price level breach may trigger significant liquidity cascades, further influencing Bitcoin’s market dynamics.