#BTC
According to CoinAnk's liquidation data, the current liquidation threshold in the Bitcoin market clearly reflects the tug-of-war between bulls and bears at key price levels.
From the liquidation map data, there are two major key points for Bitcoin prices:
- Breakout upwards: If BTC successfully breaks above $110,000, the cumulative short liquidation intensity on mainstream CEXs will reach $2.14 billion. This is very likely to trigger a "short squeeze" effect—short sellers, in order to avoid greater losses, will choose to close their positions, and this closing action will further drive up the price, creating a positive feedback loop of "price increase - short covering - further price increase."
- Break downwards: Once the Bitcoin price falls below $100,700, the cumulative long liquidation intensity on mainstream CEXs will soar to $7.56 billion. This data indicates that there are a large number of leveraged long positions below. Once it breaks below this key support level, if market liquidity becomes exhausted, it is very likely to trigger a "long liquidation" phenomenon, significantly exacerbating the short-term downside risk of Bitcoin prices.
