Bitcoin Price Swings Near $88,000 or $91,000 Could Trigger $1.67 Billion in CEX Liquidations, Coinglass Reports

Bitcoin price movements towards $88,000 or $91,000 could trigger over $1.67 billion in liquidations on major centralized exchanges (CEXs), as indicated by Coinglass data. A decline below $88,000 is associated with a cumulative long liquidation intensity of $638 million. Conversely, an ascent above $91,000 could lead to a cumulative short liquidation intensity of $1.034 billion. BlockBeats further clarifies that Coinglass's liquidation chart illustrates the relative intensity of these clusters rather than exact contract numbers, with taller bars signifying stronger potential price reactions upon reaching these thresholds.