The post Bitcoin Price Thresholds: $90K Risks $629 Million in Long Liquidations, While $96K Could Trigger $471 Million in Shorts appeared on BitcoinEthereumNews.com.

On January 10th, COINOTAG reported that current data from Coinglass highlights critical price thresholds for Bitcoin. Should Bitcoin fall below $90,000, mainstream centralized exchanges (CEXs) could experience a substantial long liquidation intensity of approximately $629 million. Conversely, if Bitcoin were to breach the $96,000 mark, a notable short liquidation intensity of about $471 million may ensue. It’s important to note that the liquidation metrics serve to illustrate the relative significance of liquidation clusters rather than providing the absolute count or value of contracts pending liquidation. The visual representation on the liquidation chart indicates how drastically hitting specific price points will influence market behavior. A pronounced “liquidation bar” signifies that an approach to these critical levels will likely trigger significant market reactions, driven by liquidity cascades. Source: https://en.coinotag.com/breakingnews/bitcoin-price-thresholds-90k-risks-629-million-in-long-liquidations-while-96k-could-trigger-471-million-in-shorts/

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Filed under: News - @ January 10, 2025 8:22 pm