On April 11th, COINOTAG reported significant insights from Coinglass regarding Bitcoin’s price action. Should Bitcoin surge past $81,000, it could trigger a substantial short liquidation event across major centralized exchanges (CEXs), amounting to a cumulative $1.184 billion. In contrast, a dip below $78,000 might result in long liquidations totaling $1.027 billion.
It is crucial to note, however, that the presented liquidation chart does not specify the actual number of contracts being liquidated or their financial worth. Instead, the graphical representation illustrates the intensity of liquidation clusters, reflecting their relative significance. As the price approaches these crucial levels, the liquidation chart indicates the potential for increased market volatility. Higher intensity bars suggest that further price movements could be more severe due to heightened liquidity concerns, impacting investor decision-making.