Bitcoin Short Liquidations Could Hit $1.5 Billion if Price Surpasses $120,000, Coinglass Data Reveals

According to data from Coinglass on July 19, a breakthrough of Bitcoin above the $120,000 threshold could trigger a significant short liquidation event, with the cumulative intensity on major centralized exchanges (CEX) estimated at $1.503 billion. Conversely, a decline below $116,000 may prompt a substantial long liquidation, potentially reaching $1.310 billion in cumulative intensity. It is important to note that the liquidation chart reflects the relative intensity of liquidation clusters rather than exact contract quantities or liquidation values. These intensity bars illustrate the potential market impact when Bitcoin’s price approaches critical levels, highlighting areas where liquidity waves could amplify price volatility. Market participants should closely monitor these liquidation zones, as heightened liquidation activity can lead to rapid price adjustments and increased market turbulence.