Bitcoin Price Nears Key Liquidation Levels as $88K and $84K Mark Critical Points

According to Coinglass data, Bitcoin’s price movement is approaching high-impact liquidation zones on mainstream centralized exchanges (CEXs).Key Liquidation Levels:If Bitcoin surpasses $88,000, short orders worth $371 million could be liquidated across major CEXs.If Bitcoin drops below $84,000, long orders worth $422 million could face liquidation.Understanding the Liquidation Chart:The liquidation chart does not indicate the exact number of contracts or their value but rather the relative importance of each liquidation cluster.Larger liquidation columns signal a higher likelihood of significant price movements when Bitcoin reaches a particular level.The stronger the liquidation cluster, the more volatile Bitcoin’s price reaction is expected to be.