🚨 Bitcoin price movements could ignite a wave of massive liquidations
According to Coinglass data, the price of Bitcoin currently stands at sensitive levels that could lead to strong liquidations on centralized exchanges (CEX) if the price moves sharply.
📊 Potential scenarios:
🔼 If Bitcoin surpasses $90,000
➜ Short position liquidations could reach around $481 million
🔽 If the price drops below $87,000
➜ Long position liquidations could reach about $514 million
ℹ️ Important information:
The liquidation chart does not display the number of contracts or exact values that will be liquidated, but illustrates the intensity of potential liquidations compared to nearby levels.
The higher the liquidation column, the greater the likelihood of a strong price reaction when the price reaches that level, due to the liquidity flow resulting from the liquidations.
📌 Summary:
Bitcoin is approaching price areas that could ignite sharp and rapid volatility. Any clear breakout or breakdown could lead to a series of liquidations that increase momentum in either the upward or downward direction.
⚠️ Risk management is essential at this stage.
