Bitcoin at a Crossroads: Impending Liquidation Intensity Mounts as Price Approaches Key Levels

On November 18th, COINOTAG reported significant insights from Coinglass, indicating critical thresholds for Bitcoin traders. If Bitcoin’s price dips below $89,000, we could witness a staggering $836 million in cumulative long liquidations across mainstream centralized exchanges (CEX). Conversely, a breakthrough above $91,000 may trigger a cumulative short liquidation intensity of $251 million. It’s essential to note that the liquidation charts do not provide a precise count of contracts pending liquidation or their specific values. Instead, these charts depict the relative significance of various liquidation clusters, serving as indicators of the potential volatility in the market. A heightened “liquidation bar” symbolizes a more profound reaction, hinting at possible liquidity cascades as prices hit these pivotal levels, thereby intensifying market movements.