Bitcoin approaches pivotal price thresholds that could trigger massive liquidations across major centralized exchanges, heightening volatility risks for traders. Data analytics platform Coinglass indicates concentrated short and long liquidation clusters at $118,996 and $108,232 respectively, creating critical inflection points for market stability.
Should BTC surpass $118,996, approximately $3.126 billion in short positions face liquidation intensity. This scenario risks triggering a cascade of forced buybacks that could accelerate upward price momentum through short squeezes.
Conversely, a decline below $108,232 threatens $2.432 billion worth of long positions. Such movement might provoke accelerated sell-offs as leveraged positions unravel, potentially intensifying downward pressure.
These liquidation levels represent some of the most significant concentration zones observed recently. Market participants are advised to monitor these thresholds closely as breaching either could substantially amplify price volatility and reshape near-term market structure through forced position unwinding.