The post Bitcoin Price Targets: $106K and $108K Could Trigger Major Liquidation Events on CEXs appeared on BitcoinEthereumNews.com.

On May 25th, COINOTAG reported insights from Coinglass, highlighting critical liquidation levels for Bitcoin. Should Bitcoin dip below $106,000, a staggering $1.122 billion in cumulative long liquidations on major centralized exchanges (CEXs) may occur. In a contrasting scenario, if Bitcoin manages to exceed $108,000, we could witness approximately $664 million in cumulative short liquidations. It is essential to note that the liquidation chart provided does not specify the precise number of contracts involved or their liquidation values. Instead, the bars illustrate the intensity of each liquidation cluster in relation to others, indicating how significantly price movements at these levels could impact market dynamics. A higher bar reflects an increased probability of substantial market reactions, often triggered by a liquidity cascade, underscoring the importance of monitoring these thresholds for informed trading decisions. Source: https://en.coinotag.com/breakingnews/bitcoin-price-targets-106k-and-108k-could-trigger-major-liquidation-events-on-cexs/

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Filed under: News - @ May 25, 2025 9:24 am