COINOTAG News reports on May 8th that recent analytics from Coinglass reveal significant thresholds for Bitcoin’s price movement. Should Bitcoin breach the pivotal $100,000 mark, an overwhelming short liquidation of nearly $396 million could occur across major centralized exchanges (CEX). Conversely, a dip below $96,000 may trigger a long liquidation intensity amounting to approximately $305 million.
It’s crucial to note that the associated liquidation chart does not provide specific contract numbers or the precise value of assets being liquidated. Instead, it illustrates the relative importance of various liquidation clusters, emphasizing how price levels may influence subsequent market reactions. A heightened “liquidation bar” indicates a more profound market response, suggesting that the potential for a liquidity cascade increases as Bitcoin approaches critical price thresholds.