If Bitcoin falls below $65k, the total liquidation strength of long positions on mainstream CEXs will reach 600 million.

robot
Abstract generation in progress

BlockBeats message, April 5, according to Coinglass data, if Bitcoin falls below $65k, the cumulative liquidation intensity of long positions on major CEXs will reach 600 million.

On the other hand, if Bitcoin breaks above $69k, the cumulative liquidation intensity of short positions on major CEXs will reach 570 million.

BlockBeats note: the liquidation chart is not meant to show the exact number of contracts awaiting liquidation, or the exact contract value being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters—i.e., the intensity.

Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will trigger an even stronger reaction due to liquidity waves.

BTC-0,1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin