- Bitcoin’s short liquidation leverage rises sharply above $105,000, increasing risk for short traders.
- Nearly $11.5 billion in shorts could be liquidated if Bitcoin hits $111,900.
- Long liquidation risk declines as Bitcoin trades around $104,655, showing reduced downside pressure.
Recent data from Bitcoin exchange liquidations over the past seven days presents a detailed view of market dynamics. The chart tracks Bitcoin prices ranging from about $93,000 to $114,500 and shows liquidation volumes in millions along with cumulative liquidation leverage in billions. As of now, Bitcoin trades near $104,755, a crucial level where liquidation activity shows distinct patterns.
Exchange Liquidations and Price Movements
According to Coinglass data on BTC exchange liquidation in cumulative short liquidation leverage, cumulative long liquidation leverage, Binance, OKX, and Bybit, there has been a varied movement. The data notes that the short leverage begins to rise sharply above the current price, while the long leverage steadily decreases, approaching $104,755.
Additionally, significant liquidation spikes occur near $102,960 and $110,464. These price points experience high liquidation activity across all three exchanges, particularly on Bybit. Short positions dominate these liquidation events, as evidenced by the strong presence of blue bars representing Bybit liquidations.
Key Price Levels and Liquidation Trends
A deeper analysis of the map notes that a vertical dashed line marks the current Bitcoin price of $104,755. To the left of this line, long liquidations prevail but quickly taper off after $102,960. To the right, short liquidations increase substantially, demonstrating heightened risk for traders holding short positions at higher price levels.
The cumulative short leverage climbs steadily beyond $105,000, crossing 12 billion USD near the highest prices on the chart. This rise indicates a growing pool of short positions at risk if Bitcoin continues to advance. Conversely, cumulative long leverage falls consistently, indicating diminished liquidation risk for long traders near current prices.
Implications for Market Participants
The liquidation volume peaks near Bitcoin’s potential all-time high price of $111,900. According to recent estimates, nearly $11.5 billion in short positions stand vulnerable to liquidation should Bitcoin reach this level. This situation reflects a considerable exposure to short liquidation if bullish momentum sustains.
As of press time, CoinMarketCap data indicates that Bitcoin trades at $104,655 with a 0.64% daily increase. Market cap reaches $2.07 trillion, up 0.70%. The 24-hour volume rose 9.98% to $39.36 billion. Total and circulating supply remain steady at 19.87 million BTC. Price chart shows fluctuations between $103,840 and $105,500 over 24 hours, with notable peaks and dips.
The data presents a clear conflict between bullish and bearish traders. Short liquidation leverage growth signals increasing pressure on short positions. Meanwhile, long liquidation risk declines, demonstrating reduced downside threat for long traders.
This liquidation pattern aligns with typical market behavior during rapid price changes, where liquidations of one side may accelerate price movement further. The map offers valuable insight into exchange liquidation activity, key price points, and trader risk exposure for Bitcoin over the last week.
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