Bitcoin Price Surge: $84,000 Break Could Trigger $792 Million in Short Liquidations

According to recent data from Coinglass reported by COINOTAG on March 19th, Bitcoin faces significant liquidation risks at key price thresholds. If Bitcoin exceeds the critical level of $84,000, the cumulative short liquidation across major centralized exchanges (CEX) could surge to approximately $792 million. On the contrary, a dip below $81,000 could expose long positions to about $570 million in liquidated contracts. It is crucial to understand that the liquidation charts do not provide precise contract numbers or their exact monetary value. Instead, their visual representation illustrates the relative intensity of liquidation clusters. This implies that as the price of Bitcoin approaches these pivotal levels, a pronounced market reaction may occur, leading to a liquidity cascade. High liquidation intensity indicates a heightened response and could significantly impact Bitcoin’s market dynamics.