Bitcoin Price Levels to Watch: $64,135 Could Spark $295M in Short Liquidations

BitcoinWorld Bitcoin Price Levels to Watch: $64,135 Could Spark $295M in Short Liquidations Bitcoin traders are closely monitoring key price thresholds that could trigger a wave of forced liquidations across major centralized exchanges.

According to data from CoinGlass, if Bitcoin rises above $64,135, approximately $295.33 million in short positions could be liquidated. Conversely, a drop below $62,485 could wipe out about $232.54 million in long positions.

Understanding Liquidation Clusters Liquidation clusters represent price levels where a significant number of leveraged positions have their stop losses triggered, often leading to cascading price movements.

These clusters are derived from open interest and leverage data across exchanges like Binance, OKX, and Bybit.