Bitcoin’s price action approaching the $110,000 threshold holds the potential to trigger substantial liquidations, estimated at approximately $996 million.
A further decline below the $106,000 level could amplify this pressure considerably, potentially resulting in the liquidation of long positions totaling around $1.309 billion.
Analysis of liquidation levels, derived from data provided by Coinglass, offers insight into current market dynamics and the heightened exposure faced by leveraged traders at these specific price regions.
It is important to note that the data highlights potential areas of significant market volatility and concentrated risk rather than quantifying precise expected contract volumes or values in dollar terms.