If Bitcoin surpasses $69,000, the mainstream CEX total short liquidation volume will reach $965 million.
BlockBeats News, February 27th, according to Coinglass data, if Bitcoin breaks through $69,000, the total short liquidation strength of mainstream CEX will reach $965 million.
Conversely, if Bitcoin falls below $66,000, the total long liquidation strength of mainstream CEX will be $541 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, that is, the strength.
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 when 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.
You may also like
US Dollar: Resilient as Fed stays hawkish – TD Securities
Goldman Sachs: Applied Materials (AMAT.US) Posts Solid Q4 Results, DRAM and Advanced Packaging to Drive Accelerated Growth by 2027
Goldman Sachs maintains its "Buy" rating on Applied Materials but lowers its 12-month target price from $670 to $580.
Piper Sandler lowers General Mills target price to $35
Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip Shopping
Crypto prices
More
