On April 10, COINOTAG reported insights derived from Coinglass data regarding **Bitcoin’s** liquidations in the current market landscape. Should **Bitcoin** manage to surge above the **$84,000** threshold, analysts predict that cumulative short liquidation intensity across major centralized exchanges (CEXs) could hit a substantial **$637 million**. Conversely, if the price dips below **$81,000**, potential long liquidations could approach **$918 million**, highlighting the volatility in the crypto market.
It’s essential to note that the displayed liquidation chart serves as an indicator of intensity rather than precise liquidation values or contract counts. These visual bars illustrate the relative significance of liquidation clusters compared to adjacent levels, essentially showing the potential market impact as the price of **Bitcoin** approaches critical levels. With higher liquidation intensity bars, there exists a likelihood of a severe price reaction, driven by a cascading effect of liquidations, underlining the importance of monitoring these levels for traders and investors alike.
Source: https://en.coinotag.com/breakingnews/bitcoin-price-watch-84k-rebound-could-trigger-637m-in-short-liquidations/