According to Coinglass data, Bitcoin’s price movement is approaching high-impact liquidation zones on mainstream centralized exchanges (CEXs).
Key Liquidation Levels:
If Bitcoin surpasses $88,000, short orders worth $371 million could be liquidated across major CEXs.
If Bitcoin drops below $84,000, long orders worth $422 million could face liquidation.
Understanding the Liquidation Chart:
The liquidation chart does not indicate the exact number of contracts or their value but rather the relative importance of each liquidation cluster.
Larger liquidation columns signal a higher likelihood of significant price movements when Bitcoin reaches a particular level.
The stronger the liquidation cluster, the more volatile Bitcoin’s price reaction is expected to be.
