BTC Below $92,000 Could Trigger $1.135B Long Liquidations on Major CEXs

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On-chain data from Coinglass shows that if Bitcoin drops below $92,000, long liquidations on major CEXs could reach $1.135 billion. On-chain analysis also reveals that a rise above $95,000 could trigger $678 million in short liquidations. The report notes that liquidation figures reflect cluster strength, not exact contract values, highlighting key price levels for market reactions.

BlockBeats news: On January 6, according to Coinglass data, if Bitcoin falls below $92,000, the cumulative long position liquidation volume on major CEXs will reach 1.135 billion.


Conversely, if Bitcoin breaks through $95,000, the cumulative short-position liquidation volume on major CEX platforms will reach 678 million.


BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows to what extent the price of an asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to a wave of liquidity.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.