Bitcoin’s market stability hinges on two pivotal price thresholds that could trigger substantial liquidations according to recent data analysis. Should Bitcoin’s price breach the $114,000 resistance level, it may force approximately $1.389 billion in short position liquidations across derivatives markets.
Conversely, a drop below the $108,500 support zone poses significant risks for leveraged long positions. Market analysts warn such a decline could precipitate up to $1.994 billion in long liquidations based on current leveraged positions.
Data compiled by Coinglass highlights these critical liquidity zones as Bitcoin navigates volatile territory. The substantial capital exposure underscores market vulnerability to sharp price swings in either direction.