As of April 18th, data sourced from Coinglass has revealed significant liquidation levels in the cryptocurrency market tied to Bitcoin’s price movements. Should Bitcoin ascend past the critical level of $86,000, the potential total short liquidation intensity on major centralized exchanges (CEXs) could surge to an astonishing $9.12 billion. Conversely, if the market sees Bitcoin dip below $83,000, this would trigger a long liquidation intensity projected at $14.55 billion.
It is essential to note that the observed liquidation chart does not reflect the exact number of contracts poised for liquidation nor the exact valuation of these contracts. Rather, the visual representation indicates the relative significance of liquidation clusters, highlighting how price levels may influence the market dynamic when breached. Increased liquidation bars suggest that achieving these price points may stimulate robust market reactions due to a surge in liquidity.
Source: https://en.coinotag.com/breakingnews/bitcoins-key-levels-86000-break-could-trigger-9-12-billion-in-short-liquidations/