Bitcoin Short Liquidations Could Hit $156M if Price Surpasses $110,000, Coinglass Data Reveals

According to Coinglass data on July 6th, Bitcoin faces critical liquidation thresholds on major centralized exchanges (CEXs). Should Bitcoin surpass the $110,000 mark, the cumulative short liquidation intensity is projected to escalate to approximately $156 million. Conversely, a dip below $107,000 could trigger long liquidation intensity nearing $97.07 million. It is important to note that the liquidation chart reflects relative intensity rather than exact contract quantities or liquidation values. This visualization highlights the potential market impact at specific price levels, with higher bars indicating stronger liquidity waves and more pronounced price reactions. Traders and investors should monitor these liquidation clusters closely, as they provide insight into possible volatility spikes driven by forced liquidations in the Bitcoin market.