According to recent data from Coinglass, the Bitcoin market is at a critical juncture. Should Bitcoin cross the pivotal threshold of $112,000, a staggering $1.371 billion in cumulative short liquidations may occur across leading centralized exchanges (CEXs). Conversely, if the price dips to $107,689, long positions worth $1.664 billion are set to be liquidated. It’s vital to note that the liquidation charts do not provide an exact count of contracts, but rather depict the relative intensity of liquidation clusters. This means that higher intensity bars signify a more pronounced market reaction as cryptocurrency prices approach these critical levels. Traders should remain vigilant, as the potential for significant liquidity cascades increases under these conditions, impacting market dynamics sharply.
Source: https://en.coinotag.com/breakingnews/bitcoins-key-price-levels-impending-liquidation-intensity-at-112000-and-107689/