According to the latest data from Coinglass, the Bitcoin market is at a critical moment. If Bitcoin breaks through the key threshold of $112,000, centralized exchanges (CEX) may experience up to $1.371 billion in cumulative short liquidations. Conversely, if the price drops to $107,689, long positions worth $1.664 billion will be liquidated. It is worth noting that the liquidation chart does not provide exact contract numbers but depicts the relative strength of liquidation clusters. This means that as cryptocurrency prices approach these key levels, higher intensity bars indicate a more pronounced market reaction. Traders should remain vigilant, as the likelihood of a large-scale liquidity cascade increases in this scenario, sharply affecting market dynamics.
