Bitcoin Breaks $89K Could Trigger $399M in Short Liquidations on Major CEXs; A Move to $86K May Spark $556M in Long Liquidations
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News, citing Coinglass data, notes that a break above $89,000 for Bitcoin could trigger substantial short liquidations on mainstream CEXs, potentially totaling about $399 million. The takeaway is that key price levels can alter intraday liquidity dynamics.
On the downside, a drop below $86,000 could unleash a wave of long liquidations on major exchanges, with an estimated total near $556 million. These projections denote liquidity intensity rather than exact contract tallies.
COINOTAG notes that the liquidation chart reflects the relative importance of each cluster; higher bars indicate a stronger price-triggered reaction due to a liquidity cascade, not precise counts.
Monitor these price levels and liquidity signals to assess risk, as outcomes hinge on observed market behavior rather than speculative scenarios.