On December 23rd, COINOTAG reported critical data from **Coinglass** concerning Bitcoin’s market behavior. If the flagship cryptocurrency dips beneath **$92,000**, it is projected that cumulative long liquidations across leading **centralized exchanges (CEXs)** could escalate to **$321 million**. Conversely, a surge beyond **$97,000** may trigger cumulative short liquidations, potentially amassing **$353 million** on these platforms. It’s important to note that the **liquidation chart** supplied by Coinglass illustrates intensity rather than specific contract volumes. The chart’s **liquidation bars** signify how significantly market prices could react upon reaching distinct thresholds, suggesting that the presence of higher bars correlates with more pronounced price movements due to liquidity cascades. Investors should remain vigilant, as these movements highlight the interconnected risks associated with current **Bitcoin** trading dynamics.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-pressure-liquidation-intensities-surge-below-92000-and-above-97000/