Bitcoin Faces $1.07B Long Liquidation Risk if Price Falls Below $106K

In Brief:

Bitcoin’s price could trigger a massive $1.07 billion liquidation of long positions on mainstream CEXs if it drops below $106,000.

On the flip side, a rise above $109,000 could lead to a $1.157 billion liquidation of short positions.

Bitcoin is nearing a crucial price level, and data from Coinglass suggests that the market's liquidation intensity could be massive. If Bitcoin’s price falls below $106,000, the cumulative liquidation of long positions across major centralized exchanges (CEXs) could reach up to $1.07 billion.

Conversely, if Bitcoin surpasses $109,000, the liquidation intensity of short positions could skyrocket to $1.157 billion. These liquidation points represent significant market pressure, potentially amplifying price movements in either direction.

The liquidation chart does not provide an exact count of contracts to be liquidated but shows relative intensity. A higher intensity means that once these price points are hit, a wave of liquidations could follow, dramatically affecting the market price.

As Bitcoin continues to test these levels, traders are watching closely to gauge the next big move in the market.

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