"Bitcoin could see about KRW 510bn in short liquidations if it breaks above $93,000"
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Summary
- BlockBeats reported that if Bitcoin (BTC) rises above $93,000, major centralized exchanges (CEXs) could see short-liquidation pressure of about $352 million.
- It said that if Bitcoin falls below $90,000, cumulative long-liquidation intensity could widen to around $637 million.
- The outlet added that a liquidation heatmap is a reference indicator showing not actual liquidation size but the intensity of liquidation clusters by price zone and the resulting potential for liquidity waves and volatility.
An analysis suggests that if the price of Bitcoin (BTC) breaks above $93,000, liquidation pressure on short positions could rise sharply across major centralized exchanges (CEXs).
According to BlockBeats, a media outlet specializing in virtual assets (crypto), CoinGlass— a derivatives data analytics platform—estimates that if Bitcoin trades above $93,000, cumulative short-liquidation intensity across major CEXs could reach $352 million (about KRW 510bn).
Conversely, if Bitcoin falls below the $90,000 level, cumulative long-liquidation intensity could expand to around $637 million (about KRW 935.5bn). This implies that on a downside break, comparatively greater liquidation pressure could concentrate on long positions.
A liquidation heatmap is used as a reference indicator to gauge how much impact market liquidity could face when Bitcoin reaches certain price zones. The higher the liquidation intensity at a given price level, the more likely liquidity waves will amplify and volatility will increase when the price is hit.
The outlet added that "a liquidation heatmap is not an indicator of the exact number of contracts or the precise dollar amount that will actually be liquidated," noting that "the metric is focused on the relative importance—i.e., intensity—of liquidation clusters formed across each price band."
