Bitcoin Liquidation Clusters at $117K/$114K & $110K/$108K
Coinglass data reveals Bitcoin liquidation clusters at critical price thresholds, highlighting potential liquidity cascades and volatile market reactions. On Sept 20, a breach above $117,000 could liquidate about $594 million in short positions on major CEXs, while a drop below $114,000 risks forcing $1.002 billion in long liquidations.
Updated on Sept 26, lower thresholds sharpen the risk profile: a fall under $108,000 may trigger roughly $832 million in long position liquidations, whereas a rally above $110,000 could squeeze out about $206 million in shorts. The accompanying chart illustrates relative liquidation intensity rather than exact contract volumes to signal possible price moves.
Traders should monitor these Bitcoin liquidation levels closely. Liquidations below key supports can accelerate downward momentum, while short squeezes above resistance may drive upward price action. Tracking CEX liquidation clusters can inform risk management and trading strategies.
Neutral
The report highlights both downside and upside risks through defined liquidation clusters. Long liquidations below $114K and $108K may accelerate bearish momentum, while short squeezes above $110K and $117K can trigger bullish reversals. These balanced pressure points suggest heightened volatility without a clear directional bias. In the short term, traders should expect rapid price swings as these thresholds are tested. Over the longer term, market fundamentals and macro drivers will determine whether Bitcoin sustains moves beyond these clusters.