Bitcoin Price Thresholds at $108K and $110K Signal Massive Liquidation Waves on Major CEXs

According to recent data from Coinglass on July 3, a significant price movement in Bitcoin could trigger substantial liquidation events on major centralized exchanges (CEX). Should Bitcoin surpass the $110,000 threshold, the cumulative short position liquidations are projected to reach approximately $605 million. Conversely, a decline below $108,000 could result in long position liquidations totaling around $858 million. It is important to note that the liquidation chart provided by COINOTAG does not reflect the precise number or value of contracts to be liquidated. Instead, it illustrates the relative intensity of liquidation clusters, highlighting the potential market impact at specific price levels. A taller liquidation bar signifies a stronger market reaction to liquidity waves, indicating increased volatility when Bitcoin approaches these critical price points. This data underscores the sensitivity of Bitcoin’s price to liquidation dynamics within the crypto derivatives market.