Bitcoin Price Surge: A Critical $85,000 Threshold Could Trigger $7.44 Billion in Short Liquidations

As reported by COINOTAG News on March 17th, data from Coinglass reveals critical thresholds for Bitcoin that could trigger significant market movements. Should Bitcoin surpass the pivotal mark of $85,000, the cumulative short liquidation across major Centralized Exchanges (CEXs) may balloon to an astonishing $7.44 billion. Conversely, a decline beneath $82,000 could see long positions liquidate, amounting to $4.14 billion. Notably, the liquidation chart provides insights not just into the quantity of contracts at risk but highlights the intensity of liquidations—an essential aspect for traders to grasp. The relative size of liquidation bars indicates the potential severity of market reactions as price levels are breached. Therefore, understanding these thresholds is vital for navigating the volatile landscape of cryptocurrency trading, where liquidity cascades can prompt swift price adjustments.