Bitcoin Price Surge: What $95,000 Breakout and $93,000 Drop Mean for CEX Liquidations

On April 23rd, COINOTAG reported insightful findings from Coinglass, revealing critical levels for Bitcoin’s price movements. If Bitcoin surges past $95,000, a substantial short liquidation intensity on major centralized exchanges (CEX) could escalate to $163 million. In contrast, a dip below $93,000 could trigger long liquidations totaling approximately $68.45 million. It is essential to note that the liquidation chart provides a relative assessment of liquidation clusters, rather than precise contract volumes. This means that the bars on the chart visually represent the significance of each liquidation concentration in relation to others, highlighting the potential market impact once these levels are breached. A pronounced liquidation spike can lead to heightened volatility, thus influencing investor sentiment and market dynamics as the asset price approaches these critical thresholds.