Glassnode: The largest liquidation cluster above Bitcoin is around $90,000

On-chain data analysis platform Glassnode stated that the largest liquidation cluster for Bitcoin is located around $90,000. If the price reaches this level, leveraged shorts will be forced to close their positions.

Glassnode noted that when looking back over the past two months, smaller liquidation clusters can be seen around $83,000 and $75,000. Regardless of which side the price touches, it could accelerate the next round of market fluctuations.