Bitcoin Liquidation Intensity Could Surge to $823 Million if Price Breaks $118,000, Coinglass Data Shows
2025-07-11 04:26:36
Main Idea
Bitcoin's price movement beyond $118,000 or below $115,000 could trigger significant liquidation volumes of $823 million (short) or $567 million (long) respectively, as per COINOTAG data.
Key Points
1. Bitcoin surpassing $118,000 may lead to short liquidations totaling $823 million.
2. A drop below $115,000 could result in long liquidations of around $567 million.
3. COINOTAG's liquidation chart helps assess the scale of potential liquidation events.
Description
According to recent data from Coinglass, a significant threshold for Bitcoin is set at $118,000. Should Bitcoin surpass this level, the aggregate short liquidation volume across major centralized exchanges (CEXs)
$BTC
$118090.4
+6.35%
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