Are $84,000 and $89,000 the key liquidation levels for Bitcoin? This data gives you the answer.

【BlockBeats】According to the latest on-chain data, Bitcoin’s price is facing two key liquidation levels that traders should pay close attention to.

If Bitcoin drops below $84,000, the cumulative long liquidation pressure on major exchanges will reach $915 million. In other words, this level could trigger a noticeable chain reaction of stop-losses.

Conversely, it is also worth noting that if Bitcoin can break above $89,000, the risk of short liquidations will rapidly accumulate, with an estimated short liquidation strength of $1.463 billion. This means that once it surpasses this level, short sellers will face forced liquidation pressure.

To clarify the meaning of these data: the liquidation strength bars do not represent exact contract quantities or liquidation amounts, but rather measure the relative importance of each price range compared to its surroundings. The taller the bar, the more intense the chain reaction caused by liquidity being drained when the price reaches that level. Put simply, high bars indicate that the price at that level is more likely to trigger sharp volatility.