Bitcoin Liquidation Alert: Potential $963 Million Impact if It Surpasses $90,000

In a recent analysis by COINOTAG, it was revealed that the current cryptocurrency market is facing significant pressure points. If Bitcoin manages to breach the $90,000 mark, the total short liquidation across major centralized exchanges (CEXs) could surge to approximately $963 million. Conversely, a drop below $87,000 could trigger a cumulative long liquidation reaching $877 million. It’s crucial to note that the liquidation chart provided by Coinglass does not indicate the precise number of contracts being liquidated; rather, it portrays the relative intensity of liquidation events. This illustrates how the price of Bitcoin could react under varying market conditions, emphasizing the potential for a liquidity cascade. Investors should keenly observe these liquidity levels as they are indicative of possible market volatility, marking critical junctures for trading strategies.