If Bitcoin falls below $83,000, the cumulative liquidation strength of mainstream CEX long positions will reach 349 million
According to Coinglass data, if Bitcoin falls below $83,000, the total liquidation strength of long positions on mainstream CEX will reach 349 million.
Conversely, if Bitcoin breaks through $87,000, the total liquidation strength of short positions on mainstream CEX will reach 171 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters - that is their strength.
Therefore, what a liquidation chart shows is how much impact there would be when the price reaches a certain point. A higher "liquidation bar" indicates that once prices reach this level there will be a stronger reaction due to liquidity waves.
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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