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
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
