Bitcoin Price Predictions: Key Liquidation Levels at $97,000 and $95,000 Explained

According to data from Coinglass reported by COINOTAG on December 26th, the Bitcoin market is poised for significant volatility. If Bitcoin surpasses the critical threshold of $97,000, it could trigger a cumulative short liquidation exceeding $483 million across major centralized exchanges (CEX). Conversely, a drop below $95,000 may result in cumulative long liquidations amounting to $272 million. It’s essential to interpret the liquidation chart carefully; while it illustrates potential liquidation clusters, it does not provide exact figures for contracts affected. Instead, the chart emphasizes the degree of impact each cluster may exert on market prices, indicating that the higher the liquidation bar, the more pronounced the market reaction. This liquidity cascade highlights the need for traders to remain vigilant as Bitcoin approaches these critical levels.