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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
