Bitcoin’s Critical Price Levels: Potential $1.144 Billion Short Liquidation If It Breaks $10.8K

Bitcoin has been a focal point of market dynamics recently, particularly in relation to its liquidation thresholds. As reported by COINOTAG on May 21st, data from Coinglass indicates that a breach of the $10.8K mark could trigger a cumulative short liquidation intensity of approximately $1.144 billion across major centralized exchanges (CEXs). Conversely, should Bitcoin dip below the $10.5K level, the cumulative long liquidation intensity may reach around $1.179 billion. It is critical to note that the liquidation chart does not provide an exact count of contracts set for liquidation but illustrates the relative significance of each liquidation cluster. Hence, the chart effectively conveys the potential market reaction once specific price levels are approached. A heightened liquidation bar suggests a significant price movement could occur, primarily due to the implications of a liquidity cascade.