If Bitcoin breaks $69k, mainstream CEX total short liquidation volume will reach $864M
BlockBeats News, February 21st, according to Coinglass data, if Bitcoin breaks through $69,000, the total short liquidation intensity of mainstream CEXs will reach $864 million.
Conversely, if Bitcoin falls below $67,000, the total long liquidation intensity of mainstream CEXs will reach $419 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 liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset 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 once it reaches that level.
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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