Bitcoin’s Critical Price Points: What Happens If It Breaks $107,000 or Falls Below $103,000?

According to recent data from Coinglass, as reported by COINOTAG, significant pressure is mounting on the Bitcoin market. If Bitcoin surpasses the pivotal threshold of $107,000, mainstream cryptocurrency exchanges (CEX) could experience short liquidations totaling a staggering $913 million. On the other hand, a drop below $103,000 could trigger long liquidations exceeding $1.161 billion. It’s important to understand that the liquidation chart provided does not display the precise number or value of contracts destined for liquidation. Instead, it illustrates the relative strength of each liquidation cluster. This measure helps investors gauge the potential price volatility that may unfold upon hitting specific price points. In essence, higher values in the liquidation chart suggest a stronger market response is imminent due to subsequent liquidity waves.