Bitcoin’s Liquidation Intensity: What Happens if Prices Drop Below $78,000 or Rise Above $82,000?

In today’s market analysis from COINOTAG News, dated March 10th, data from Coinglass indicates that if Bitcoin dips below the critical support level of $78,000, the potential for long position liquidations across major centralized exchanges (CEXs) could escalate to a staggering $745 million. Conversely, should Bitcoin breakout above $82,000, the short position liquidations might reach $629 million. It’s important to note that the liquidation charts do not provide absolute figures for the contracts at risk; instead, they illustrate the relative prominence of each liquidation cluster compared to others. This metric reflects how susceptible the market is to price movements at key levels, with higher liquidation bars indicating a more profound impact on the underlying asset’s price, signaling potential liquidity cascades that could exacerbate volatility.