Bitcoin Price Surge: What’s at Stake If It Breaks $104,000 or Drops Below $101,000?

COINOTAG reported insights on December 15, based on data from Coinglass, indicating that should Bitcoin surpass the critical $104,000 mark, the total value of short positions liquidated on major centralized exchanges (CEX) could reach a substantial $915 million. Meanwhile, if Bitcoin’s price dips below $101,000, the cumulative liquidation of long orders on these exchanges may total $609 million. It is important to note that the liquidation chart does not disclose the precise number of contracts or their total value. Instead, it highlights the relative strength of each liquidation cluster in comparison to surrounding clusters, illustrating the potential impact on price when these levels are breached. A taller “liquidation column” signifies that the price is likely to experience a more pronounced reaction to impending liquidation events.