COINOTAG News, citing Coinglass data, notes that a move by Bitcoin through the $89,000 level would align with a projected short-liquidation surge on mainstream centralized exchanges (CEXs), potentially approaching $600 million. This implies tighter crypto market liquidity and sharper price dynamics around this level.

Conversely, a retreat below $86,000 is linked to a projected long-liquidation pressure of about $421 million on major CEXs, underscoring how round-number price levels can trigger liquidity-driven events and amplified volatility across the spot-to-derivatives continuum.

COINOTAG Note: The liquidation chart does not publish exact contract counts; the bar height conveys the relative intensity of each liquidation cluster. A higher bar signals a more pronounced price reaction when the level is tested, illustrating liquidity concentration among exchanges.