Bitcoin Liquidation Intensity Could Surge to $609 Million if Price Drops Below $114,000, Coinglass Data Reveals

Key Points

1. Bitcoin liquidation intensity could reach $609 million if the price falls below $114,000, signaling strong sell pressure.

2. Short position liquidations are limited to $73.97 million if Bitcoin surpasses $116,000.

3. Long positions face heavy liquidation pressure below $114,000, while short liquidations remain subdued above $116,000.

4. Traders should monitor the $114,000 and $116,000 thresholds to manage risk effectively.

5. Liquidation charts help traders identify critical price levels and anticipate market volatility.