Bitcoin Nears Critical Liquidation Thresholds: $702 Million in Shorts Above $89,000, $1.24 Billion in Longs Below $85,000

On December 17, Bitcoin faces major liquidation risks near key price levels, according to Coinglass data. A move above $89,000 could trigger about $702 million in short liquidations on centralized exchanges, while a drop below $85,000 may force roughly $1.24 billion in long liquidations. These thresholds highlight heavy market leverage and the potential for sharp volatility and cascading liquidations as BTC nears these levels.