Bitcoin Price Surge to $100,000 Could Trigger $8.63 Billion in Liquidations

According to a recent report from COINOTAG News dated December 24th, data from Coinglass indicates that if Bitcoin surges beyond $100,000, the total short liquidation pressure across major centralized exchanges could escalate to approximately $8.63 billion. Conversely, should Bitcoin’s price fall below $93,000, the cumulative long liquidation total could reach around $14.34 billion. It’s important to note that the liquidation chart does not provide precise figures for the open contracts nor their liquidation values. Instead, the bars depicted represent the **relative significance** of each liquidation event in relation to surrounding clusters, effectively illustrating the intensity. A more substantial liquidation bar signifies that a price touch at that level will likely invoke a pronounced response due to a potential liquidity cascade, thereby affecting market dynamics significantly.