If Bitcoin surpasses $73,000, the mainstream CEX cumulative short liquidation pressure will reach $482 million
BlockBeats News, February 8th, according to Coinglass data, if Bitcoin breaks through $73,000, the mainstream CEX's total short liquidation intensity will reach $482 million.
On the other hand, if Bitcoin falls below $70,000, the mainstream CEX's total long liquidation intensity will reach $270 million.
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 display the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will impact the market. A higher "liquidation bar" indicates that the price reaching that level will trigger 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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