If Bitcoin drops below $80,000, the mainstream CEX's total long liquidation volume will reach 402 million.
BlockBeats News, February 1st, according to Coinglass data, if Bitcoin falls below $80,000, the total long liquidation intensity of mainstream CEX will reach $402 million.
On the other hand, if Bitcoin surpasses $85,000, the total short liquidation intensity of mainstream CEX will reach $1.543 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense response due to a liquidity cascade.
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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