Bitcoin Price Movements May Spark Massive Liquidations Across Major Exchanges
Recent data from Coinglass, as reported by BlockBeats, reveals that upcoming price shifts in Bitcoin could lead to substantial liquidations on major centralized exchanges (CEXs).
If Bitcoin climbs past the $86,000 mark, the total liquidation pressure on short positions is projected to reach approximately $577 million. On the other hand, if the price dips below $83,000, the cumulative liquidation intensity of long positions could surge to $1.522 billion.
It’s important to note that Coinglass's liquidation heatmap doesn’t reflect the exact number of contracts queued for liquidation or their precise value. Instead, the bars shown in the chart represent relative liquidation intensity—highlighting how impactful a price move to a specific level might be.
In essence, a taller bar indicates a higher concentration of liquidation activity at that price point, signaling a stronger market reaction once that level is hit.
As always, traders should stay vigilant, manage their risk accordingly, and keep an eye on key support and resistance zones.
