Bitcoin Rebound Above $97,000 Could Trigger $591 Million in Short Liquidations on Major CEXs, Coinglass Data

According to COINOTAG, citing Coinglass data on November 16, a Bitcoin move above $97,000 could drive the cumulative short liquidation intensity on leading CEXs to about $591 million. Conversely, a drop below $95,000 may unleash roughly $135 million of cumulative long liquidation pressure. These figures illustrate potential liquidity stress points tied to key price thresholds rather than a precise ledger of contracts.

COINOTAG notes that the liquidation chart does not reveal exact contract counts or liquidated values. The chart’s bars represent the relative importance of each liquidation cluster, i.e., their intensity, showing how the price may respond when that level is breached. A higher liquidation bar signals a more pronounced reaction triggered by a liquidity cascade near that level.

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