COINOTAG News reports that, as of March 18th, recent data from Coinglass highlights significant thresholds for Bitcoin’s price movement. Should Bitcoin’s price dip below $80,000, the cumulative long liquidation across prominent CEXs could reach an alarming $5.09 billion. In a contrasting scenario, if Bitcoin surpasses the $85,000 mark, short liquidations may surge to a staggering $16.4 billion.
It is crucial to note that the liquidation chart provided does not represent a precise measure of contracts that may be liquidated or their corresponding values. Instead, the chart demonstrates the relative intensity of different liquidation clusters, indicating how significant price levels can impact market sentiment. Higher peaks in the liquidation chart suggest that once certain price thresholds are breached, a more pronounced liquidity cascade may ensue, intensifying market reactions and volatility.