If Bitcoin breaks through 119,000 USD, the cumulative short order liquidation intensity of mainstream CEX will reach 1.156 billion.

On July 16, according to Coinglass data, if Bitcoin breaks through 119,000 USD, the cumulative short order liquidation intensity on mainstream CEX will reach 1.156 billion. Conversely, if Bitcoin falls below 116,000 USD, the cumulative long order liquidation intensity on mainstream CEX will reach 734 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that after the price reaches that point, it will trigger a stronger reaction due to liquidity waves.

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
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)