Bitcoin Liquidations Could Top $3.5B at $112K / $116.7K
Coinglass data shows Bitcoin liquidation intensity rose from an estimated $609 million at the $114K support level and $74 million at $116K resistance to a potential $3.5 billion across updated key thresholds. A drop below $112K may trigger $1.09 billion in long liquidations, while a rally above $116.7K could force $2.5 billion in short liquidations. These clusters of pending forced close orders highlight rising volatility on major centralized exchanges. Traders should monitor the $112K, $114K and $116.7K zones, adjust stop-loss orders, and manage margin risk. Real-time Bitcoin liquidation intensity can help predict sudden price swings and refine trading strategies.
Bearish
The combined data points to a significant downside risk for Bitcoin. A potential $1.09 billion long liquidation below $112K could trigger a cascading sell-off, while $2.5 billion of short liquidations above $116.7K may provide only temporary relief. The magnitude of pending forced orders suggests increased volatility and heavier selling pressure if support levels fail. In both the short term and longer horizon, traders face elevated risk of sharp declines, making the overall market outlook bearish.