The latest data from Coinglass reveals critical **liquidation** thresholds for **Bitcoin** amidst the ongoing volatility in the crypto market. As of May 13th, analysts note that should **Bitcoin** dip below the pivotal $100,000 mark, the cumulative long liquidation pressure on major **centralized exchanges** could escalate to approximately **$319 million**. Conversely, if **Bitcoin** were to breach the **$104,000** level, the short liquidation pressure could amplify to about **$354 million**. It is essential to understand that these figures represent relative liquidity intensity rather than exact contract numbers. The liquidation chart effectively indicates potential market reactions, demonstrating that higher intensity bars signify increased liquidity shock, thus amplifying the asset’s price movements. Such insights are invaluable for traders aiming to navigate the complexities of crypto price dynamics and manage their risk exposure effectively.
Source: https://en.coinotag.com/breakingnews/bitcoins-price-thresholds-potential-long-and-short-liquidation-intensities-revealed/