Bitcoin Faces Critical Liquidation Thresholds: $90K Could Trigger $1.355B in Long Liquidations

According to data from Coinglass, significant liquidity events could shape the future movements of Bitcoin in the coming days. If Bitcoin falls beneath the crucial level of $90,000, there could be a staggering $1.355 billion in long liquidations across major centralized exchanges (CEXs). Conversely, should Bitcoin breach the $96,000 mark, short positions may face approximately $840 million in cumulative liquidations. It is important to note that while the liquidation chart offers insightful data, it does not detail the precise number of contracts or their respective dollar values that are poised to be liquidated. Instead, the intensity represented in the chart highlights the potential price reaction as liquidity cascades occur in the market. As such, higher liquidation intensity could lead to heightened volatility, influencing the broader cryptocurrency landscape.