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According to the latest data provided by Coinglass, if Bitcoin (BTC) 
$107,690 surpasses the $78,000 mark, a liquidation of $1.543 billion in accumulated short positions is expected in centralized exchanges like Binance. Conversely, if Bitcoin’s price falls below $75,000, a total liquidation of long positions amounting to $814 million will occur.
Bitcoin’s Price Movements and Liquidation Density
Reaching certain price levels for Bitcoin will lead to significant liquidation effects in the futures market. The bars seen on Coinglass’s liquidation map represent the density of liquidation clusters at each price level and their relative importance compared to neighboring clusters.
As the bars in the graph rise, the market tends to react more intensely at the respective price point. This indicates that Bitcoin price fluctuations at specific points can lead to more severe market movements due to liquidation waves.
Potential Impacts of Bitcoin’s Price Fluctuations
If Bitcoin’s price exceeds $78,000, a collective liquidation of short positions may be triggered, creating significant selling pressure and leading to sharp price fluctuations. Similarly, if the price drops below $75,000, liquidation pressure on long positions will increase, and a strong market response at this level is anticipated.
The current situation indicates substantial risks for investors operating with high leverage in the futures markets. Price movements could lead to intense volatility across the market due to the accumulated liquidation risks in either direction.
All available data offers investors an important perspective to understand the liquidation pressure that certain price levels may cause in Bitcoin’s price. The potential liquidations during price movements of the largest cryptocurrency are being closely monitored as they will directly affect market dynamics.
