Bitcoin Key Levels: What $96,000 and $92,000 Mean for Liquidation Strength

On April 27th, COINOTAG reported insights derived from Coinglass data highlighting critical thresholds for Bitcoin. A significant upward movement beyond **$96,000** could trigger a total **short liquidation** volume reaching approximately **$7.62 billion** across major centralized exchanges (CEX). Conversely, should Bitcoin dip below **$92,000**, the potential **long liquidation** volume may skyrocket to **$10.61 billion**. It is essential to note that the displayed liquidation chart does not precisely quantify the number of contracts at risk or the total value of these contracts. Instead, these visual elements illustrate the relative significance of each liquidation cluster compared to adjacent ones. In essence, these bars indicate how the price of Bitcoin could react upon attaining specific levels, with taller bars suggesting a more pronounced market reaction due to possible liquidity cascades, emphasizing the critical nature of these price thresholds in current trading behavior.