As of March 23, COINOTAG News reports that current data from Coinglass indicates a significant threshold for Bitcoin‘s price movement. If Bitcoin surpasses the pivotal mark of $86,000, the cumulative short liquidation across mainstream centralized exchanges (CEX) could escalate to an impactful $651 million. Conversely, a decline below $82,000 might trigger a total long liquidation intensity reaching $672 million.
It is important to note that the liquidation chart provided does not ascertain the precise number of contracts that will be liquidated or their specific values. Instead, these charts illustrate the relative intensity of liquidation clusters, showing how significantly the price of the underlying asset might react at defined levels. A higher intensity, represented by an elevated liquidation bar, indicates that the market could experience a more pronounced response, potentially initiating a liquidity cascade.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-movements-key-liquidation-levels-at-86000-and-82000-revealed/
