If Bitcoin Falls Below $106,000, Total Long Liquidations on Major CEXs Will Reach $775 Million
According to ChainCatcher, citing data from Coinglass, if Bitcoin falls below $106,000, the cumulative long liquidation intensity on major CEXs will reach $775 million.
Conversely, if Bitcoin breaks above $108,000, the cumulative short liquidation intensity on major CEXs will be only $220 million.
The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
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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