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Bitcoin Liquidation Levels. ⚖️
If Bitcoin drops below $65,000, the total long liquidations across major centralized exchanges could reach approximately $1.14 billion. On the other hand, if $BTC rises above $68,000, short liquidations may climb to around $754 million.
It’s important to note that the liquidation chart does not display the exact number of contracts or their precise value. Instead, it highlights the relative strength of liquidation zones. 📊
Each bar on the chart represents how significant a liquidation cluster is compared to nearby levels. In simple terms, the taller the bar, the stronger the potential market reaction when the price reaches that level mainly due to a surge in liquidity.
$BTC Which Side are you on ? 👀
LONG 📉 OR SHORT 📈
#GateSquareAprilPostingChallenge #Bitcoin #BTC