Bitcoin’s price is consolidating around $108,870 with minor 24-hour losses of 0.5%.
Over $30.5 million in short positions risk liquidation above $111,000.
Immediate resistance forms at $110,386 while $108,824 holds as local support.
Bitcoin is currently navigating a tight price range as it trades around $108,870, showing a 0.5% decline over the past 24 hours. Data from CoinGlass reveals a developing liquidation cluster just above the $111,000 level, where more than $30.5 million in short positions could be wiped out if price action breaks higher. This level now serves as a short-term flashpoint, with increased focus from both traders and algorithmic systems monitoring liquidity thresholds.
Liquidity Heatmap Highlights Major Liquidation Risk
The latest BTC liquidation heatmap shows dense liquidity concentrated between $110,000 and $111,000. This band now poses a major threat to traders holding short positions. It is interesting to note that these levels are characterized by high liquidation leverage and as such, initiators of these levels are at risk of experiencing forced closures, should the price move much higher than these areas.
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Price action over the past 12 hours reflects consolidation, with minimal volatility and a slight downward bias. Despite the narrow 24-hour trading range, Bitcoin continues to orbit a key support level at $108,824. Resistance currently sits just above at $110,386, creating a compact window for potential breakouts or reversals. The clustering of liquidity at the top end suggests a possible squeeze if bullish momentum increases.
BTC Stabilizes but Remains Close to Liquidation Threshold
Although Bitcoin has stabilized slightly, the proximity to the $111,000 trigger point places the market on edge. Current trading volumes have flattened, indicating indecision as participants assess risk. However, the presence of high-stakes positions near resistance could quickly tilt market dynamics.
Throughout the observed session, the price moved within a tightly packed band, offering limited opportunity for directional plays. Still, the highlighted liquidation zone remains a focal area. If bulls attempt a push, the unwinding of shorts could create a temporary liquidity vacuum. For now, the $108,824 support remains intact while resistance continues to reject upward moves.
Price Movement Stalls Near Key Resistance
Price levels have remained tightly compressed since the last upswing, with Bitcoin encountering steady rejection just below $110,386. Meanwhile, the heatmap confirms minimal liquidation activity below the current price, reinforcing that upside pressure carries greater risk for shorts. Market participants continue monitoring liquidity concentrations as the price fluctuates near levels that could trigger high-volume forced liquidations.
