Bitcoin’s Key Price Levels: $103,000 and $105,000 Hold Crucial Liquidation Intensity for Traders

As reported by COINOTAG News on June 1st, recent insights from Coinglass data indicate a critical threshold for Bitcoin. Should the price dip below $103,000, it is projected that the cumulative long liquidation intensity across major centralized exchanges (CEX) will soar to approximately $763 million. In contrast, a rally above $105,000 could trigger a significant short liquidation intensity of about $33.96 million on these platforms.

It’s essential to note that the liquidation chart assesses the relative intensity of liquidation clusters rather than providing exact contract numbers. The chart visually represents the pressure points that can influence market dynamics. Therefore, higher liquidation bars suggest a substantial market reaction, reflecting how the price of Bitcoin may cascade due to liquidity