Bitcoin Price Movements: Potential $513M Long Liquidation if Falls Below $92K

According to recent analysis from COINOTAG News, April 28th, Bitcoin is exhibiting significant volatility, with critical thresholds identified for potential long and short liquidations. Data from Coinglass indicates that if Bitcoin dips below $92,000, approximately $513 million in long positions may face liquidation across major centralized exchanges (CEXs). In contrast, a surge above $96,000 could trigger a short liquidation intensity reaching $290 million.

It is crucial to note that the liquidation chart does not provide specific figures regarding the number of contracts at risk of liquidation or their exact values. Instead, the chart illustrates the relative significance of various liquidation clusters, indicating the potential market impact as each price level is reached. Elevated liquidation bars suggest heightened market reactions upon hitting these critical price points, leading to a potential liquidity cascade effect.