Bitcoin’s Key Price Levels: Breaking $90,000 Could Trigger $1.76 Billion in Short Liquidations

According to data from Coinglass reported by COINOTAG on April 22nd, the crypto market is bracing for significant volatility in Bitcoin. A push beyond the $90,000 mark could trigger a staggering $1.76 billion in cumulative short liquidations across major centralized exchanges (CEX). Conversely, should Bitcoin decline below $87,000, the long liquidations could accumulate to about $1.19 billion. Notably, the liquidation chart does not provide the specific number or value of contracts set for liquidation but rather illustrates the significance of each liquidation cluster in relation to its peers, indicating intensity. This visualization helps traders gauge potential price impacts at these critical levels. Essentially, a pronounced “liquidation bar” suggests that reaching these thresholds may engender substantial price fluctuations due to cascading liquidity effects.