Bitcoin Price Analysis: Key Levels at $88,000 and $85,000 Could Trigger Massive Liquidation Events

On March 2nd, COINOTAG reported significant metrics from Coinglass, indicating that if **Bitcoin** surges past **$88,000**, the total **short liquidation** across leading centralized exchanges (CEX) could soar to **$842 million**. Alternatively, a drop below **$85,000** would result in a **long liquidation** total of approximately **$390 million** on these platforms. It’s crucial to note that while the liquidation chart provides valuable insights, it doesn’t detail the exact number of contracts at risk or their total monetary value. Instead, the chart illustrates the relative strength of various liquidation clusters, highlighting potential market reactions. A pronounced “liquidation bar” signifies that reaching a specific price point may instigate a cascading liquidity effect, amplifying market volatility and impacting investor positions significantly.