Bitcoin’s Critical Price Points: What $101,000 and $98,000 Mean for Liquidation Intensities

According to recent data from Coinglass, Bitcoin is at a critical juncture as it approaches the $101,000 threshold. Should Bitcoin surpass this level, analysts anticipate a staggering cumulative short liquidation intensity of approximately $510 million within mainstream cryptocurrency exchanges (CEX). In stark contrast, a dip below $98,000 could trigger a dramatic cumulative long liquidation intensity reaching up to $1.929 billion . It’s important to note that the liquidation chart does not provide specific contract counts or precise liquidation values. Instead, it illustrates the significance of each liquidation cluster in relation to its neighbors, effectively measuring intensity. This framework reveals the anticipated market reaction when Bitcoin hits these pivotal price points, indicating that a higher liquidation bar signifies increased volatility and potential price cascades. Source: https://en.coinotag.com/breakingnews/bitcoins-critical-price-points-what-101000-and-98000-mean-for-liquidation-intensities/