Two Levels in Bitcoin Are Critical: Cumulative Liquidations Could Go As High As $665 Million
According to Coinglass data, a $665 million liquidation could be triggered if the Bitcoin price fails to reach two critical levels.
Bitcoin’s price action is set to trigger major liquidation events on mainstream cryptocurrency exchanges (CEX), according to the latest data from cryptocurrency tracking platform Coinglass.
If Bitcoin falls below $58,000, the cumulative long order liquidation intensity on these exchanges could reach $517 million. In contrast, if Bitcoin rises above $60,000, the cumulative short order liquidation intensity is expected to rise to $665 million.
While the Coinglass liquidation chart does not show the exact number or value of contracts to be liquidated, it does highlight the relative strength of each liquidation cluster. These “liquidation columns” show how much the underlying price will be affected when certain levels are reached. A higher column indicates a stronger price reaction to the subsequent liquidation wave.
According to current data, the market saw $86.39 million in long liquidation and $56.42 million in short liquidation in the last 24 hours, with the difference being $29.97 million.
29,973 traders were liquidated in the past 24 hours.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All
Discover Polygon (POL) price movement and Ethereum (ETH) price analysis as both eye breakouts, and see why BlockDAG’s CertiK audit, growing presale, and attractive pricing position it among the best crypto for higher returns in 2025.Polygon (POL) Price Movement Signals Breakout Toward $1Ethereum (ETH) Price Analysis: Tight Range Could Spark $3,600 BreakoutBlockDAG’s CertiK Audit Strengthens Its Case as the Best Crypto for Higher ReturnsTo Sum It Up
$298M Crypto Liquidations Rock BTC and ETH Traders
Crypto liquidations hit $298M in 24 hours, with BTC and ETH leading losses. Here's what caused the wipeout.A Rough Day for Crypto TradersWhat Triggered the Liquidations?Caution Ahead for Leverage Users
Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber
Troller Cat ignites excitement with 69% APY and 7,000% ROI target. TRUMP and MOG bounce back, but is this cat the real jackpot?Troller Cat ($TCAT): Clawing Up the Ladder with Massive ROI PotentialOfficial Trump ($TRUMP): Slow Grind with Political BuzzMog Coin ($MOG): The Cult Favorite Gets a PulseConclusion
SOL Technical Analysis Signals Strength, Cardano’s AI Testnet Launches & BlockDAG’s $0.0019 Offer Ends on May 13
Explore SOL Technical Analysis & details on Cardano's AI Testnet. See why BlockDAG’s $0.0019 entry before May 13 could define the best crypto platform call.SOL Technical Analysis Points to Cautious OptimismCardano’s AI Testnet to Simulate High-Frequency Network ConditionsBlockDAG’s Listings Near: $0.0019 Offer Available Until May 13What Defines the Best Crypto Platform in 2025?
Trending news
MoreCrypto prices
More
