According to Coinglass data, Bitcoin’s price movement is approaching high-impact liquidation zones on mainstream centralized exchanges (CEXs).

💡Key Liquidation Levels:
1. If Bitcoin surpasses $88,000, short orders worth $371 million could be liquidated across major CEXs.

2. If Bitcoin drops below $84,000, long orders worth $422 million could face liquidation.

💡Understanding the Liquidation Chart:
1. The liquidation chart does not indicate the exact number of contracts or their value but rather the relative importance of each liquidation cluster.

2. Larger liquidation columns signal a higher likelihood of significant price movements when Bitcoin reaches a particular level.

3. The stronger the liquidation cluster, the more volatile Bitcoin’s price reaction is expected to be.

#bitcoin #Liquidation #CEX

Data from Coinglass reveals that the total liquidations across the network amounted to $239 million over the past 12 hours. Of this, short positions accounted for $175 million.

#Liquidation

Cryptocurrency Market Experiences $178 Million in Liquidations

Recent data from Coinglass indicates that the cryptocurrency market experienced liquidations totaling $178 million in the past 24 hours. Of this total, long positions accounted for $126 million, while short positions amounted to $51.63 million. Specifically, Bitcoin (BTC) had liquidations of $36.22 million, and Ethereum (ETH) saw $33.48 million in liquidations.

#cryptocurrency #ethereum #bitcoin #Coinglass #liquidations