Bitcoin Price Alert: Major Liquidation Risks as Key Levels Approached in April

As of April 20, COINOTAG reports that recent data from Coinglass indicates a critical threshold for Bitcoin. If Bitcoin dips below $83,000, a significant long liquidation event could see around $837 million wiped out on major centralized exchanges (CEXs). Conversely, should the cryptocurrency climb beyond $86,000, a corresponding short liquidation intensity could reach approximately $357 million. It is important to note that the liquidation chart does not specify the exact number of contracts impacted or their total valuation; instead, it highlights the relative liquidation intensity of clusters. This intensity reflects how much influence the price can exert on market movements when it hits identified levels, with larger “liquidation bars” signifying a potential for pronounced market responses due to liquidity cascades.