On February 20th, COINOTAG reported significant insights from Coinglass regarding the potential price volatility of Bitcoin. Should Bitcoin breach the critical threshold of $100,000, a staggering $386 million of cumulative short positions on leading centralized exchanges (CEXs) could face liquidation. Conversely, if the price retraces and falls below $95,000, the cumulative long positions may experience a massive liquidation event totaling $466 million. It is important to note that while the liquidation chart provides valuable insights, it does not specify the exact contract numbers or values poised for liquidation. Instead, it highlights the intensity of liquidation clusters in relation to adjacent levels, indicating the potential price reaction that could ensue during a liquidity cascade. High-intensity liquidation bars suggest notable price fluctuations, emphasizing the significance of market psychology at critical price points.
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