BTC’s Critical Price Points: $104K Break Could Trigger $646M Short Liquidation, $102K Drop Could Lead to $356M Long Liquidation

According to recent data from Coinglass, Bitcoin is at a critical juncture. If the cryptocurrency surpasses $104,000, it could trigger liquidations amounting to $646 million across major centralized exchanges. Conversely, a dip below $102,000 may lead to a significant liquidation event, affecting around $356 million in long positions on these platforms. It is vital to note that the displayed liquidation metrics highlight relative intensity rather than specific contract numbers. The visual representation illustrates how impending price movements could impact market dynamics, with higher liquidation bars suggesting a more substantial price reaction. For investors and traders, understanding these liquidation thresholds is crucial for managing risk and enhancing strategic decision-making in an increasingly volatile market environment.