If Bitcoin drops below $66,000, the mainstream CEX long liquidation pressure will reach $514 million
BlockBeats News, March 8th, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEXs will reach $514 million.
Conversely, if Bitcoin surpasses $68,000, the cumulative short liquidation intensity of mainstream CEXs will reach $794 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, namely the intensity. Therefore, the liquidation chart shows to what extent reaching a certain price level will impact. Higher "liquidation bars" indicate that reaching that price level will trigger a stronger reaction due to a liquidity cascade.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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