Bitcoin Price Predictions: Key Liquidation Levels at $95,000 and $98,000 Explained

According to recent data from Coinglass, a pivotal moment for Bitcoin could emerge if the price dips below $95,000, which could trigger cumulative long liquidations across mainstream CEXs amounting to $146 million. Conversely, an upswing above $98,000 may result in a cumulative short liquidation strength reaching $204 million. It is essential to note that the liquidation analysis does not quantify the specific contracts to be liquidated, nor does it denote the precise value involved. Rather, the liquidation chart illustrates the relative strength of each liquidation cluster against adjacent clusters; thus, it reflects the potential price impact as it nears key resistance or support levels. A substantial “liquidation bar” on the chart indicates increased susceptibility to price volatility due to liquidity cascades when these critical points are attained.