BREAKING
428d 4h ago

Bitcoin’s Price Dynamics: Impact of $96,000 and $100,000 Levels on CEX Liquidation Intensity

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

According to recent insights from COINOTAG, significant market dynamics are at play as Bitcoin approaches critical price thresholds. Data from Coinglass indicates that should Bitcoin’s value dip below $96,000, mainstream centralized exchanges (CEXs) could witness a staggering liquidation intensity of approximately $352 million. Additionally, a surge past the $100,000 mark could catalyze a sharp increase in short liquidations, potentially reaching $140 million.

It is essential to note that the liquidation chart provided does not convey the precise number of contracts affected or their specific dollar valuations. Rather, the visual representation highlights the relative significance of each liquidation cluster, indicating potential market reactions as price levels are tested. A pronounced “liquidation bar” serves as a clear warning; crossing these key thresholds could initiate significant liquidity cascades, amplifying market volatility.

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