On February 7th, COINOTAG reported that data from Coinglass indicates significant thresholds for Bitcoin’s price movements. Specifically, if Bitcoin surpasses the critical level of $100,000, there is a potential for cumulative short liquidations on leading centralized exchanges (CEXs) to hit a substantial $266 million. Conversely, should Bitcoin’s price decline below $98,000, long positions could face liquidations amounting to $525 million.

It’s important to note that the liquidation charts provided do not specify the exact volume or value of the contracts facing liquidation. Instead, these visuals represent the intensity of liquidation clusters, providing insights into the potential risk for traders. A heightened liquidation intensity suggests that reaching certain price levels could trigger significant market reactions, driven by a rapid liquidity cascade.

Traders and investors must monitor these critical price points carefully, as the implications of such liquidations can influence market sentiment and overall volatility in the cryptocurrency landscape.