Bitcoin Price Alert: Key Liquidation Levels at $87,000 and $91,000 Could Trigger Major Market Reactions

On March 7th, COINOTAG reported critical data from Coinglass regarding Bitcoin’s potential trading thresholds. If BTC prices dip below $87,000, mainstream centralized exchanges could witness a cumulative long liquidation intensity of up to $216 million. Conversely, should Bitcoin exceed $91,000, the short liquidation intensity at these exchanges may reach approximately $190 million. It’s important to note that the liquidation chart exclusively indicates the relative intensity of liquidations rather than precise contract counts or values. Each bar on the chart reflects the significance of liquidation clusters in proximity to one another. As such, a larger liquidation bar signifies a heightened likelihood of market volatility triggered by liquidity cascades upon reaching those price levels, sustaining crucial insights for traders navigating these pivotal market conditions.