Bitcoin Liquidation Alert: Key Levels of $85,000 and $80,000 Could Trigger Major Market Reactions

COINOTAG News reports significant movements in the crypto market as of November 11th. According to data from Coinglass, Bitcoin is approaching critical price levels which could trigger substantial liquidation events on mainstream centralized exchanges (CEXs). Should Bitcoin surpass the $85,000 threshold, analysts predict a cumulative short liquidation intensity totaling $433 million. This scenario highlights the heightened risk for short positions. Conversely, a dip below $80,000 may result in a build-up of long liquidations amounting to $752 million, which underscores the volatility inherent in current trading conditions. It’s important to note that the liquidation chart utilized by analysts illustrates the relative impact of these liquidation clusters rather than the precise number of contracts affected. As such, price movements at these critical levels could signify a robust market reaction fueled by a liquidity cascade.