Bitcoin Price Surge: Expected Liquidation Intensity Hits 213 Million at $98,000

Recent data from Coinglass highlights significant volatility thresholds for Bitcoin. Should Bitcoin surpass the $98,000 mark, we anticipate a total short liquidation impact of approximately $213 million across major centralized exchanges (CEXs). On the flip side, a dip beneath $94,000 would trigger a long liquidation pressure, summing up to around $207 million. It is crucial to understand that the liquidation chart does not provide precise contract figures ready for liquidation; instead, it illustrates the comparative strength of each liquidation cluster. The visual representation indicates potential price reactions at critical levels, signaling that more prominent “liquidation bars” could spark significant price adjustments due to liquidity cascades. Traders should monitor these levels closely, as they reflect the market’s susceptibility to rapid shifts underlining Bitcoin’s volatile nature.