Bitcoin News Today: Bitcoin Above $119,000 Could Trigger $948M in Short Liquidations on CEXs, Data Shows

Bitcoin’s price movements above $119,000 or below $116,000 could trigger significant liquidation pressures on major centralized exchanges (CEXs), according to data from Coinglass analyzed by BlockBeats. If the cryptocurrency surpasses the $119,000 threshold, total short liquidation strength on mainstream CEXs could reach $948 million. Conversely, a drop below $116,000 may lead to $588 million in long liquidation strength. These figures, however, represent relative clusters of liquidity rather than exact contract values or quantities [1].

The liquidation charts provided by Coinglass illustrate the potential impact of price movements at critical levels. Higher “liquidation bars” indicate a greater likelihood of pronounced price reactions due to cascading liquidity demands. For instance, the $119,000 level—associated with $948 million in short liquidation pressure—signals a point where aggressive short-covering or forced margin calls could amplify upward momentum. Similarly, the $116,000 level reflects a concentration of long positions at risk of liquidation, which might deepen downward trends if triggered.

The analysis underscores the sensitivity of Bitcoin’s price to leveraged trading activities on CEXs. Traders and institutional participants should monitor these levels closely, as large-scale liquidations could exacerbate volatility. However, the data does not provide granular details on specific contracts or market depth, emphasizing the importance of contextual interpretation.

Source: [1] [If Bitcoin breaks $119,000, the mainstream CEX aggregate short liquidation pressure will reach $948 million] [https://www.theblockbeats.info/en/flash/304597]