If Bitcoin breaks $80,000, mainstream CEX total short liquidation volume will reach $1.063 billion
BlockBeats News, February 2nd, according to Coinglass data, if Bitcoin breaks through $80,000, the total short liquidation strength of mainstream CEXs will reach $1.063 billion.
On the other hand, if Bitcoin falls below $76,000, the total long liquidation strength of mainstream CEXs will reach $296 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur 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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