Bitcoin’s Critical Price Levels: $101,000 and $104,000 Could Trigger Massive Liquidations

On May 13th, COINOTAG News reported insights derived from Coinglass data, highlighting critical price thresholds for Bitcoin. Should Bitcoin decline past the pivotal mark of $101,000, an expected cumulative long liquidation of approximately $934 million across leading centralized exchanges (CEXs) is projected. In contrast, a surge above $104,000 may trigger a short liquidation intensity near $915 million. Notably, the liquidation chart utilized does not present the precise number or value of contracts set for liquidation; instead, it illustrates the relative significance of various liquidation clusters. The height of each ‘liquidation bar’ provides insights into potential market responses, indicating that higher values suggest an increased likelihood of considerable price fluctuations as liquidity cascades occur. Investors should remain vigilant as these price points could significantly influence market dynamics.