The post Bitcoin’s Critical Price Levels: What $85,000 and $87,000 Mean for Long and Short Liquidations appeared on BitcoinEthereumNews.com.

On March 9th, COINOTAG reported crucial data from Coinglass indicating that should Bitcoin’s price dip below $85,000, the cumulative long liquidation pressure across major centralized exchanges (CEX) could escalate to $645 million. Conversely, a breakthrough above $87,000 might trigger a cumulative short liquidation intensity at approximately $413 million. It is important to note that the liquidation chart should not be interpreted as an exact measure of liquidated contracts or their value. Instead, it illustrates the relative intensity of liquidation clusters which informs traders about the potential market reaction. A taller “liquidation bar” signifies a more pronounced response when Bitcoin touches these thresholds, leading to possible liquidity cascades that could impact its volatility significantly. Investors should remain vigilant as these liquidation dynamics could influence trading strategies considerably. Source: https://en.coinotag.com/breakingnews/bitcoins-critical-price-levels-what-85000-and-87000-mean-for-long-and-short-liquidations/

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Filed under: News - @ March 9, 2025 9:12 am