Bitcoin Price Alert: $95K Triggers $229M Long Liquidation While $99K Sparks $160M Short Liquidation

COINOTAG News reports as of February 16th, recent data from Coinglass indicates that a critical threshold for Bitcoin stands at $95,000. Should the price dip below this level, a substantial long liquidation intensity of approximately $229 million is projected across major centralized exchanges (CEXs). Conversely, an upward movement past the $99,000 mark could trigger a significant short liquidation intensity estimated at $160 million within these platforms.

It’s important to note that the liquidation chart, while illustrative, does not specify the precise number of contracts set for liquidation. Instead, it highlights the relative impact of these liquidation clusters, offering insights into potential market reactions. A heightened “liquidation bar” reflects the likelihood of a pronounced price reaction if Bitcoin approaches these pivotal levels, underscoring the potential for a liquidity cascade impacting broader market dynamics.