On November 15, COINOTAG reported critical data from Coinglass regarding Bitcoin’s volatility. Should Bitcoin dip below the $86,000 threshold, mainstream centralized exchanges (CEXs) could witness a **massive liquidation** event totaling around $1.389 billion. In contrast, if the cryptocurrency surpasses the $89,000 mark, short positions may face a liquidation value of approximately $0.782 billion. Notably, the liquidation chart from Coinglass provides insight into the **relative intensity** of liquidation clusters rather than specifying exact contract values. These intensity bars are crucial for understanding potential market reactions; they indicate that significant price shifts near these levels can trigger a cascading effect due to liquidity constraints. Thus, traders must monitor these pivotal price ranges closely to anticipate possible market turbulence and adjust their strategies accordingly.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-pressure-1-389-billion-long-liquidation-risk-if-btc-falls-below-86000/