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According to data from Coinglass reported by COINOTAG News on December 25th, the potential price action of Bitcoin indicates significant trading pressure at key levels. Should Bitcoin surpass the critical threshold of $100,000, the cumulative short liquidations across major centralized exchanges (CEX) could reach an impressive $254 million. Conversely, if Bitcoin dips below $97,000, long position liquidations could escalate to approximately $296 million. It is important to note that while the liquidation chart displays these critical levels, it does not provide the exact count of liquidated contracts or their precise values. Rather, the chart illustrates the relative strength of each liquidation cluster, indicating the potential market impact when Bitcoin approaches these benchmarks. A pronounced ‘liquidation bar’ signifies that price movements can become highly volatile as liquidity conditions shift dramatically around these price points.
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