BTC Price Under Pressure: Coinglass Data Reveals Critical $94,040 Short Liquidation Level

According to real-time data from Coinglass, Bitcoin faces significant liquidation pressure at key price thresholds. With BTC currently trading at $68.57K, market participants are closely monitoring two critical liquidation points that could trigger massive cascades.

If Bitcoin declines further and breaks below $85,229, the cumulative long liquidation intensity across major exchanges would reach approximately $1.73 billion. This scenario would devastate leveraged long positions and potentially accelerate downward momentum.

On the flip side, should BTC rally and surge above $94,040, the cumulative short liquidation intensity on mainstream CEX platforms would spike to around $1.116 billion. This $94,040 threshold represents a key resistance level where short-squeezed traders would face significant liquidation risk. Breaking through this level would trigger widespread short covering and potentially fuel further gains.

These liquidation levels serve as crucial warning points for traders. The $1.73 billion in potential long liquidations at the downside and $1.116 billion in short liquidations at the $94,040 upside target underscore the leverage dynamics currently at play in Bitcoin markets. Understanding these price-liquidation relationships helps traders navigate the inherent volatility and risk in leveraged cryptocurrency trading.