Bitcoin Price Alert: Potential $97,000 Breakout Could Trigger $307 Million Short Liquidation

COINOTAG News reports from April 25th that, according to data from Coinglass, Bitcoin faces pivotal price thresholds. Should Bitcoin surpass the critical level of $97,000, it could trigger a cumulative short liquidation intensity across major centralized exchanges, potentially reaching $307 million. In contrast, if the price dips below $93,000, we may witness a significant cumulative long liquidation intensity amounting to $291 million. It is critical to note that the liquidation chart does not reflect the exact volume of contracts pending liquidation but illustrates the relative intensity of liquidation clusters. This chart serves to indicate how heavily price movements can react at these specified levels, with higher liquidations signifying a pronounced market response, largely driven by liquidity cascades. Investors should closely monitor these levels for potential market implications.