Bitcoin’s $100,000 Threshold: CEX Short Liquidation Could Hit $370 Million

On December 5th, COINOTAG reported significant insights from Coinglass data regarding Bitcoin’s price thresholds and their potential implications for market liquidity. Should Bitcoin surge past the $100,000 mark, the cumulative short positions’ liquidation within prominent centralized exchanges (CEXs) could escalate to $370 million. In contrast, if Bitcoin dips below $97,000, the total liquidation of long positions might soar to $530 million. It’s crucial to note that the provided liquidation chart illustrates the relative intensity of liquidation clusters rather than precise contract counts or values. The height of these bars signifies the potential market reaction; a taller “liquidation bar” implies a more substantial price movement in response to increased liquidity pressure. Understanding these dynamics is essential for traders navigating the volatile Bitcoin landscape.