Bitcoin key price level liquidation risk analysis: What happens if it breaks above 97,000 or drops below 94,000?

Question

【Crypto World】According to the latest data from Coinglass, two key price levels of Bitcoin are attracting significant attention from traders.

If Bitcoin falls below the $94,000 support level, the cumulative liquidation of long positions on mainstream CEXs will trigger a scale of $263 million. Conversely, if Bitcoin can break through the $97,000 resistance level, the liquidation strength of short positions will soar to $97.56 million.

It should be clarified that liquidation strength does not equal the exact number of contracts or the specific value being liquidated. The bars on the liquidation chart essentially reflect the relative importance of each liquidation cluster compared to others—simply put, the strength. When the price reaches a certain level, higher liquidation strength indicates that market reactions triggered by liquidity shocks will be more intense. Higher liquidation bars mean that after the price reaches that point, the risk of increased volatility may be greater.

DegenDreamer · Accepted Answer

97,000 is the threshold that, if truly broken, the bears will cry to death. The destructive power is just too fierce.

FlippedSignal · Answer

The moment when 97,000 short positions explode must be a bloodbath again...

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This data is a bit scary, it feels like it's stuck between 9.4 and 9.7

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The higher the liquidation intensity, the greater the risk... I understand this logic... but I don't know how to survive

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Shorts are nearly liquidated for almost 100 million, longs only 26.3 million? This situation is a bit one-sided

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Really, I just want to know who is going to be cut this time

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Wait, so now it's about betting on a breakout or a breakdown... both sides are congested

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If the 9.4 level can't hold, it's just a direct avalanche

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I thought liquidation intensity was just about the amount of liquidation, but it turns out it's just about relative importance

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The most feared thing is being stuck in the middle, both shorts and longs are suffering

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If this time breaks through 9.7, those who are shorting will be crying and fainting at the exchange

GamefiEscapeArtist · Answer

97,000 short positions on that side? Alright, time to harvest the profits again.

RektHunter · Answer

Are there really so many shorts piling up above 97,000? Is it true? It feels like it will either surge sharply or crash, with no third option in between.

OneBlockAtATime · Answer

97,000 hurdles are a bit fierce, with nearly 1 billion in short positions liquidated. Once broken through, be careful of being smashed down.

DeFiDoctor · Answer

97k, with the short positions piling up so aggressively over there, will it really become a "complication" in the market? It seems that the narrative of liquidation intensity still depends on liquidity depth for proper judgment.

Bitcoin key price level liquidation risk analysis: What happens if it breaks above 97,000 or drops below 94,000?

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