BREAKING

Bitcoin Faces Critical Thresholds: $96,000 Could Trigger $9.12 Billion in Short Liquidations

BTC

BTC/USDT

$78,480.39
-0.44%
24h Volume

$18,087,695,695.90

24h H/L

$79,251.60 / $77,632.58

Change: $1,619.02 (2.09%)

Long/Short
52.9%
Long: 52.9%Short: 47.1%
Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$78,446.00

-0.12%

Volume (24h): -

Resistance Levels
Resistance 3$87,657.12
Resistance 2$80,438.50
Resistance 1$78,582.67
Price$78,446.00
Support 1$77,169.22
Support 2$74,968.23
Support 3$72,962.70
Pivot (PP):$79,220.92
Trend:Uptrend
RSI (14):79.5
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According to recent insights from COINOTAG, pivotal levels for Bitcoin are emerging, underscored by Coinglass data. Should Bitcoin surpass $96,000, the potential for short liquidations across mainstream centralized exchanges (CEX) could spike to a staggering $9.12 billion. Conversely, a decline below $93,000 might lead to long liquidations swelling to $15.48 billion. It’s crucial to note that the liquidation chart does not provide an exact count of contracts pending liquidation; instead, it illustrates the intensity of each liquidation cluster relative to its peers. This intensity indicates the potential price reaction once these critical levels are breached. Essentially, a higher liquidation bar indicates a more pronounced market impact, following a liquidity cascade, further emphasizing the *volatile nature* of the crypto market.

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