If Bitcoin drops below $65,000, the mainstream CEX long liquidation intensity will reach 736 million.
BlockBeats News, March 1st, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation strength of mainstream CEX will reach $7.36 billion.
Conversely, if Bitcoin breaks through $68,000, the cumulative short liquidation strength of mainstream CEX will reach $5.12 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, that is, the strength.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will face a stronger 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.
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