A strong liquidation wall has formed at $121,100, signaling significant price pressure.
BTC is trading at $118,456, maintaining a narrow range with support near $117,697.
Liquidation data shows increased activity, with recent trends suggesting short-term volatility.
Bitcoin is showing limited price movement but remains in a narrow range, with a strong liquidation wall emerging near $121,100. Current data places BTC at $118,456, reflecting a modest 0.2% increase over the past seven days. With support anchored at $117,697, traders are watching closely as the $120,222 resistance level continues to challenge upward momentum.
Liquidation Heatmap Signals Key Levels
Recent liquidation heatmap data from Binance highlights a critical zone of liquidation leverage clustered near $121,100. This level shows a concentration of over $14.39 million in liquidation leverage, indicating heightened trading activity.
https://twitter.com/ali_charts/status/1947890078979609065
Notably, this price level acts as a barrier that could influence short-term price direction if liquidity builds further. The chart patterns emphasize how Bitcoin has been moving sideways, testing both support and resistance levels within tight ranges.
Bitcoin Liquidations Shift as Price Stabilizes Near $120K Threshold
The BTC Total Liquidations Chart illustrates Bitcoin’s price movement alongside total liquidations for both long and short positions from late January to late July 2025. The yellow line on the chart represents the price trend, while green and red bars highlight liquidations of long and short positions, respectively.
At the beginning of the year, Bitcoin traded around $90,000–$95,000, maintaining a relatively stable range through February. However, late February experienced a sharp price movement, accompanied by a significant spike in liquidations that peaked near $565 million, with long positions being the most affected during the price decline. This event marked one of the highest liquidation levels within the observed period.
Source: Coinglass
During the first and middle of July, short liquidations exponentially increased, at times more than $200 million, suggesting bearish traders were getting squeezed as the market continued to increase. This shift in liquidation volumes, where shorts now heavily outweigh longs, suggests a positive momentum-oriented market. The price line fluctuates around $118,000–$120,000, reflecting lower volatility than the initial part of the year.
It can be observed from the chart data that liquidation levels are concentrated near large price levels, to be precise around $120,000. Breaking above this level could lead the way for a challenge of $125,000, or failing to break out would result in yet another consolidation between $117,000 and $120,000.
Short-Term Price Outlook Under Pressure
Although the resistance at $120,222 is still crucial, the moderately increasing movement is considered more positive. The liquidation levels concentration at $121,100 make the price susceptible to rejection in case trading volume gains momentum.
In the meantime, an upward trend at the support of $ 117,697 has remained steady, cushioning the present trend in Bitcoin trading. As market observers observe, liquidation walls and spot price dynamics remain key factors that are influencing the near-term BTC behavior.
