According to recent data from Coinglass, as reported by COINOTAG on March 28th, Bitcoin’s price dynamics are drawing significant attention. Should Bitcoin dip below $85,000, the potential cumulative long liquidation across major centralized exchanges (CEX) could surge to an alarming $980 million. Conversely, exceeding $87,000 might result in approximately $452 million in cumulative short liquidations.
It is crucial to note that the liquidation chart provides insights into the relative intensity of liquidations, rather than detailed contract numbers or precise valuation figures. The graphical representation elucidates the impact levels of various liquidation clusters; as noted, a pronounced “liquidation bar” signifies heightened market reactions in response to price thresholds. Such data underscores the volatile nature of cryptocurrency trading, indicating that liquidity cascades could prompt substantial market movements based on Bitcoin’s price trajectory.