Bitcoin Price Surge: Potential $96,000 Break Could Trigger $1.168 Billion in Short Liquidations

In a recent analysis by COINOTAG on April 30th, data from Coinglass reveals significant liquidity thresholds for Bitcoin, emphasizing the critical price points around $96,000 and $94,000. Should Bitcoin surpass the $96,000 mark, a notable cumulative short liquidation event across leading centralized exchanges (CEX) could amount to $1.168 billion. Conversely, a dip below $94,000 may trigger a cumulative long liquidation intensity of approximately $449 million. Importantly, the liquidation chart utilized in this analysis provides a relative intensity measure rather than exact liquidations in terms of contracts or values. Each bar reflects the significance of respective liquidation clusters, indicating that price movements towards these levels could instigate substantial market reactions. A more prominent liquidation bar suggests enhanced volatility, stemming from cascading liquidity effects, ultimately influencing market participants’ strategies in these fluctuating conditions.