Cryptocurrency traders are bracing for potential market turbulence as Bitcoin approaches decisive price levels that could trigger over $3.77 billion in combined liquidations. According to analytics platform Coinglass, BTC’s price movement toward $118,136 may force short liquidations totaling $2.201 billion, reflecting concentrated bearish exposure at this technical resistance level.
Conversely, a downturn below $107,606 threatens to liquidate $1.573 billion in long positions, indicating significant vulnerability among optimistic traders. These thresholds represent critical junctures where cascading liquidations could accelerate price movements in either direction, potentially intensifying market volatility.
The concentration of positions at these levels underscores heightened derivatives market risk. Traders are advised to monitor these technical boundaries closely, as large-scale liquidations typically amplify market reactions and impact both bearish and bullish positions across cryptocurrency exchanges.