If Bitcoin breaks through $89,000, the total liquidation strength of mainstream CEX short positions will reach 1.055 billion
On March 26, according to Coinglass data, if Bitcoin breaks through $89,000, the cumulative liquidation strength of mainstream CEX short positions will reach 1.055 billion.
Conversely, if Bitcoin falls below $87,000, the cumulative liquidation strength of mainstream CEX long positions will reach 347 million.
Note: The liquidation chart does not show the exact number of contracts pending for liquidation 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 - in other words their 'strength'.
Therefore, what a liquidation chart shows is how much impact there would be when an underlying price reaches a certain level. A higher "liquidation bar" indicates that once prices hit this level it could trigger a more intense 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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