If Bitcoin breaks through $70,000, the cumulative short order liquidation intensity of mainstream CEX will reach 349 million

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Cointime2024/10/21 02:42

By:Cointime

BTC+1.74%

According to Coinglass data, if Bitcoin breaks $70,000, the cumulative short liquidation intensity of mainstream CEX will reach 349 million; on the contrary, if Bitcoin falls below $68,000, the cumulative long liquidation intensity of mainstream CEX will reach 408 million.

Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation cluster, that is, the intensity.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave after the price reaches that level.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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