If Bitcoin falls below $68,000, the mainstream CEX long liquidation volume will reach $616 million
BlockBeats News, February 5th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation intensity of mainstream CEX will reach 6.16 billion.
Conversely, if Bitcoin breaks above $73,000, the cumulative short liquidation intensity of mainstream CEX will reach 7.56 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated 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 liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction 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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