Bitcoin Price Forecast: Intense Liquidation Levels Await if BTC Drops Below $80,000 or Surpasses $84,000

According to recent data from Coinglass, Bitcoin’s market dynamics show critical thresholds for trader positions. On April 3rd, a downturn that sees Bitcoin dip below $80,000 may trigger a cumulative long liquidation intensity of approximately $196 million across major centralized exchanges (CEX). Conversely, should Bitcoin rise above $84,000, the cumulative short liquidation could reach around $332 million.

It’s crucial to note that the liquidation chart emphasizes the relative significance of various liquidation clusters rather than providing an exact contract count or total value. The displayed “liquidation bars” reflect liquidity pressure levels, revealing how the asset’s pricing may respond to reaching these pivotal junctures. A taller bar indicates a more drastic price movement due to a liquidity cascade effect, highlighting the potential volatility in the market as Bitcoin approaches these levels.