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Bitcoin key price alert: Comparison of liquidation intensity between $91,000 and $94,000
【Blockchain Rhythm】According to the latest data from Coinglass, Bitcoin’s price at two key levels will trigger different intensities of market liquidation chain reactions.
If Bitcoin drops to the $91,000 level, long positions on mainstream exchanges will face concentrated liquidation pressure, with total liquidation strength potentially reaching $383 million. This means that once this price is touched, the market will experience a significant short-term liquidity shock.
Conversely, if Bitcoin can break through $94,000, the risk for short positions will increase significantly, with total liquidation strength soaring to $517 million. This figure indicates that the liquidation response when breaking upward is more intense than during a decline.
It should be noted that the liquidation chart does not precisely show the number of contracts to be liquidated or the specific value being liquidated, but rather displays the relative strength of each liquidation cluster compared to surrounding clusters. In other words, this chart reflects how much the price will be affected after reaching a certain level. The taller the bar, the more intense the liquidation response at that price level, and the easier it is for market liquidity fluctuations to be amplified.