Bitcoin price movements may trigger $1.186 billion in short liquidations on major exchanges

BlockBeats reports, citing Coinglass data from Nov. 18, that Bitcoin surpassing $93,000 could result in $1.186 billion in short liquidations across major centralized exchanges. Conversely, a drop below $89,000 would lead to $1.155 billion in long liquidations. The liquidation charts reflect the relative significance of liquidation clusters rather than exact contract values, with higher bars indicating stronger liquidity reactions at specific price levels.