Bitcoin Price Surge: $108,000 Could Trigger $822 Million in Short Liquidations

Recent analysis by COINOTAG on June 3rd highlights pivotal levels for Bitcoin. According to Coinglass data, a breakthrough at **$108,000** could unleash a staggering **$822 million** in cumulative short liquidations across leading centralized exchanges (CEX). Conversely, should Bitcoin dip below **$105,000**, there’s potential for **$635 million** in cumulative long liquidations. It’s important to note that the liquidation chart does not provide the precise number of contracts slated for liquidation. Instead, the chart illustrates the relative significance of various liquidation clusters, which indicates how market dynamics may shift as Bitcoin approaches these critical price points. A heightened liquidation bar signifies that a price movement could trigger significant market reactions, suggesting that liquidity cascades may play a crucial role in future price fluctuations.