Bitcoin Price Predictions: Liquidation Intensities Rise Above $1.3 Billion as Key Levels Approach

On May 28th, COINOTAG reported significant findings from Coinglass data concerning the volatility of Bitcoin amidst critical price milestones. If the leading cryptocurrency plunges below $107,000, the cumulative long liquidation intensity across major centralized exchanges (CEX) is projected to surge to an alarming $1.325 billion. Conversely, should Bitcoin exceed $110,000, approximately $1.142 billion in short positions may face liquidation. It’s essential to note that the liquidation chart provided does not quantify the exact number of contracts pending liquidation or their corresponding values. Instead, it highlights the significance of liquidation clusters relative to one another, demonstrating the sharp intensity associated with each price level. Thus, higher liquidation bars indicate that breaching a specific threshold could trigger a substantial response, potentially leading to a liquidity cascade that amplifies market dynamics.