#BitEagleNews Bitcoin Price Movements Could Trigger Significant Liquidation Events

According to recent data from Coinglass, as reported by BlockBeats, Bitcoin is approaching key price levels that could lead to large-scale liquidation events on major centralized exchanges (CEX). If Bitcoin’s price rises above $110,000, it could trigger the liquidation of short positions totaling approximately $996 million. On the other hand, if the price falls below $106,000, it may result in the liquidation of long positions worth around $1.309 billion.

It’s important to note that the liquidation chart does not show the exact number of contracts or their individual values. Instead, it uses bar sizes to represent the relative intensity of liquidation clusters—the larger the bar, the more impactful the potential price movement. This visualization helps highlight where major liquidity waves may occur, indicating that higher liquidation bars signal stronger market reactions at those price points.