According to recent data from Coinglass, if Bitcoin surpasses the $100,000 milestone, there could be a significant surge in short liquidations across major centralized exchanges (CEXs), estimated at approximately $1.381 billion. Conversely, should Bitcoin dip below $97,000, long liquidations could amass to around $1.028 billion. It’s important to note that the liquidation metrics provided do not disclose specific contract counts or their precise liquidation values. Instead, they highlight the relative significance of various liquidation pools against others within the market. The accompanying liquidation chart illustrates how the asset’s pricing dynamics may shift as it nears these critical thresholds. A heightened liquidation intensity suggests that any price crossing these levels could trigger substantial market reactions, showcasing potential liquidity cascades that investors should monitor closely.
Source: https://en.coinotag.com/breakingnews/bitcoins-100000-breakthrough-potential-1-381-billion-short-liquidation-on-cexs/