2 min read
Bitcoin (BTC-PKR) is walking a razor’s edge once again. According to data from CoinGlass, if the world’s largest cryptocurrency dips below $107K, it could unleash a liquidation wave worth over $259 million across major exchanges. Conversely, a breakout above $109,000 could ignite a short squeeze, liquidating an estimated $128 million in bearish positions. The analysis underscores how tightly coiled the crypto market has become as every few thousand dollars could now tip the balance between panic and euphoria.
The liquidation heatmap shows where traders’ leverage is stacked. Red zones reveal “liquidation clusters,” dense areas of stop orders and forced-close levels. The most critical one currently sits just below $107,000. If Bitcoin falls through that floor, cascading long liquidations could amplify selling pressure within minutes. However, the same dynamics work in reverse. A sustained rally above $109,000 could trigger a wave of short liquidations, propagating upward momentum in a self-feeding surge.
This battle plays out as Bitcoin’s correlation with global risk assets deepens. Despite strong institutional inflows this quarter, traders remain hyper-focused on technical levels rather than fundamentals. The 24-hour liquidation totals across major exchanges such as Binance, OKX, and Bybit continue to climb, showing how sensitive the market has become to sudden price swings.
Analysts warn that a sharp move below $107,000 could not only liquidate leveraged longs but may also drag altcoins lower, compounding losses across the market.
Meanwhile, a push above $109,000 could extend Bitcoin’s recovery streak and reframe near-term sentiment. For now, traders should brace for impact. With billions in leveraged bets on the line, Bitcoin’s next thousand-dollar move could decide whether the crypto market bleeds or explodes upward.
