Bitcoin's largest upside liquidation cluster is currently positioned near $90,000, according to on-chain analytics firm Glassnode. Leveraged short positions will be forced to close if the price reaches this level, potentially triggering significant market volatility.
Data from the past two months also identifies smaller liquidation clusters near $83,000 and $75,000. Glassnode notes that a move toward either of these zones could accelerate the next major market direction as leveraged positions are unwound.
Glassnode: Bitcoin’s Largest Short Liquidation Zone Sits Near $90,000
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