Bitcoin on the Brink: $98K or $94K Could Spark Major Liquidations!
The crypto market is heating up, and Bitcoin’s next big move could trigger massive liquidation waves across major centralized exchanges (CEX), according to data from Coinglass, shared by BlockBeats.
If #Bitcoin breaks above $98,000, shorts could get wiped out, with potential liquidations surging to $390 million.
If BTC dips below $94,000, long positions could take a major hit, with around $270 million at risk.
These figures come from a liquidation heatmap that doesn’t show exact contract numbers, but instead visualizes intensity. Taller bars mean higher risk zones—indicating areas where cascading liquidations could create massive price volatility.
Translation? A big move in either direction could trigger a domino effect of liquidations, shaking the market and fueling even more volatility.
Stay sharp, traders. BTC is dancing on a razor’s edge.
Trade smart. Stay informed.