If Bitcoin breaks through $72,000, the cumulative short liquidation intensity on mainstream CEXs will reach $590 million

robot
Abstract generation in progress

Mars Finance reports that, according to Coinglass data, if Bitcoin breaks above $72,000, the total liquidation strength of major CEXs will reach $590 million. Conversely, if Bitcoin falls below $70,000, the total long liquidation strength of major CEXs will reach $275 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when it reaches certain levels. Higher “liquidation bars” indicate that the price will react more strongly due to liquidity waves once those levels are reached.

BTC-0.02%
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