Bitcoin at Key Levels: $98K Could Trigger $1.275B in Short Liquidations on Major CEXs, While a $94K Dip May Spark $855M in Long Liquidations

COINOTAG, citing Coinglass data as of November 15, indicates that a move by Bitcoin above the $98,000 level would imply roughly $1.275 billion in short liquidation pressure across major centralized exchanges (CEXs). The reading underscores how near-term price spikes can intensify liquidity-driven repricings and shape trader risk metrics.

Conversely, a slide below $94,000 could unleash about $855 million of long liquidation on mainstream CEXs, illustrating the asymmetric risk embedded in today’s market structure.

COINOTAG notes that the liquidation chart does not precisely enumerate contract counts; the bars reflect the relative importance of each liquidation cluster rather than exact volumes. A higher bar signals a sharper reaction at the target price, driven by a potential liquidity cascade when liquidity layers interact.

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