Bitcoin faces critical liquidation thresholds near $108,279 and $118,809 that could collectively force over $3.7 billion in leveraged positions to unwind across major centralized exchanges, amplifying potential market instability.
A drop below the $108,279 support level would liquidate approximately $2.075 billion in long positions. Such cascading sell-offs risk compounding downward momentum through forced position closures, increasing selling pressure and market volatility.
Conversely, a surge above the $118,809 resistance threshold would trigger around $1.662 billion in short position liquidations. This scenario could accelerate upward price momentum as traders scramble to cover positions amid rapid BTC gains.
These liquidation clusters represent significant volatility catalysts for leveraged traders. When prices approach these benchmarks, automated position closures executed by exchanges mechanically intensify price swings through rapid-fire selling or buying pressure across markets.
Monitoring these liquidation zones remains critical for participants navigating current conditions, as breach events at defined thresholds systematically accelerate market movements through cascading position unwinds on centralized trading platforms.