Bitcoin Price Surge: How a Break Above $95,000 Could Trigger $688 Million in Liquidations

On March 3rd, COINOTAG reported significant data from Coinglass indicating crucial price levels for Bitcoin. If Bitcoin surpasses the $95,000 threshold, the potential total short liquidation across leading centralized exchanges (CEXs) could amount to an impressive $688 million. Conversely, should Bitcoin drop below the $90,000 mark, total long liquidations could spike dramatically to $1.91 billion. It is essential to note that the liquidation chart does not delineate the precise number of contracts subject to liquidation, nor does it provide exact contract values. Instead, the chart emphasizes the importance of each liquidation cluster in relation to others, highlighting the intensity of liquidations that are likely to occur at various price points. A taller “liquidation bar” suggests a more significant market response when the asset’s price reaches critical levels, potentially leading to a liquidity cascade.