Bitcoin News Today: Bitcoin Approaching $114,000 Liquidation Threshold With $609M Long Pressure

If Bitcoin drops below $114,000, the liquidation pressure on long positions across major centralized exchanges (CEXs) is expected to surge to $609 million, according to Coinglass data [1]. On the other hand, if the price of Bitcoin rises above $116,000, short liquidation intensity on these platforms would amount to approximately $73.97 million, indicating a far lower risk of aggressive market corrections [1].

This suggests that the price level of $114,000 is a critical threshold for the cryptocurrency, as it represents a significant concentration of leverage-based long positions. A move below this level could trigger a cascade of liquidations, potentially amplifying the downward pressure on Bitcoin’s price.

It is important to note, however, that the liquidation charts do not reflect the exact number or value of contracts that will be liquidated. Instead, they illustrate the relative intensity of liquidation clusters at different price points [1]. A higher bar on the chart indicates a greater likelihood of a sharp market reaction due to concentrated leverage exposure.

Analysts have highlighted that such price levels are not just technical markers but are influenced by the positioning behavior of traders on major exchanges. The asymmetry in long and short liquidation pressures—$609 million versus $73.97 million—further underscores the current bearish bias in leveraged trading positions. As such, Bitcoin’s movement near these levels will be closely watched for signs of volatility and potential market instability.

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[1] If Bitcoin drops below $114,000, the mainstream CEX long liquidation pressure will reach $609 million (https://www.theblockbeats.info/en/flash/305511)