If Bitcoin breaks $75,000, mainstream CEX total short liquidation volume will reach $1.246 billion
BlockBeats News, April 10th, according to Coinglass data, if Bitcoin breaks through $75,000, the mainstream CEX's total short liquidation intensity will reach $1.246 billion.
Conversely, if Bitcoin falls below $71,000, the mainstream CEX's total long liquidation intensity will reach $1.327 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price will face a more intense reaction due to a liquidity cascade when it reaches that level.
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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