COINOTAG News, citing Coinglass data dated November 24, notes that a break above Bitcoin at $89,000 could trigger a cumulative short liquidation across mainstream CEXs totaling about $649 million.
In contrast, a move below $86,000 may prompt a cumulative long liquidation of roughly $394 million, highlighting the liquidity sensitivity surrounding these price levels.
COINOTAG clarifies that the reported liquidation chart does not disclose exact contract counts or values; the bars reflect the relative intensity of potential moves as liquidity shifts, not precise totals.
Traders and risk managers should monitor these thresholds as actionable risk markers and adjust hedging strategies accordingly to navigate near-term liquidity risk.
Source: https://en.coinotag.com/breakingnews/bitcoin-faces-potential-649m-cex-short-liquidations-at-89000-and-394m-long-liquidations-below-86000-coinglass-data
