The post Bitcoin Price Alert: Key Liquidation Levels at $84,000 and $86,000 to Watch appeared on BitcoinEthereumNews.com.

According to COINOTAG News, emerging data from Coinglass highlights a pivotal moment for Bitcoin. If the cryptocurrency dips below $84,000, it is projected that cumulative long liquidations across major Centralized Exchanges (CEXs) could soar to an alarming $8.62 billion. Conversely, a breakthrough above $86,000 could trigger cumulative short liquidations amounting to $6.65 billion on these platforms. It is crucial to note that the liquidation chart provided does not specify the exact number of contracts subject to liquidation; rather, it illustrates the relative intensity of liquidation clusters. The significance of each liquidation level is highlighted by the “liquidation bars,” which indicate potential market reactions as the price approaches these thresholds. A heightened liquidation intensity suggests that a liquidity cascade could ensue, exacerbating price movements as Bitcoin encounters key resistance or support levels. Source: https://en.coinotag.com/breakingnews/bitcoin-price-alert-key-liquidation-levels-at-84000-and-86000-to-watch/

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Filed under: News - @ April 2, 2025 2:27 am