If Bitcoin falls below $104,000, the cumulative long liquidation intensity on major CEXs will reach $885 million
According to Coinglass data, if Bitcoin falls below $104,000, the cumulative long liquidation intensity on mainstream CEX will reach $885 million.
Conversely, if Bitcoin breaks through $106,000, the cumulative short liquidation intensity on mainstream CEX will reach $11.6241 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 display the relative importance of each liquidation cluster to the adjacent clusters, i.e., the intensity.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates a stronger reaction due to a wave of liquidity when the price reaches that point.
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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