Potential liquidation of $1 billion if Bitcoin drops below $106,000
According to BlockBeats citing data from Coinglass, if the price of Bitcoin drops below $106,000, markets could face long position liquidations totaling approximately $1.07 billion on centralized exchanges.
If the price exceeds $109,000, short position liquidations could reach $1.157 billion.
The liquidation map on Coinglass shows what are known as "liquidation clusters," which do not accurately reflect the number of contracts but highlight the intensity of accumulated risks at critical price levels.
Analysts confirm that these levels represent "liquidation traps" for both sides and could lead to violent movements once one is broken.
Coinglass advises traders not to rely on absolute numbers but rather on the relative distribution of lifted liquidity.
> Source: BlockBeats + Binance News + Coinglass