If Bitcoin drops below $72,000, the cumulative long liquidation on major CEXs will reach $807 million
BlockBeats News, May 28th, according to Coinglass data, if Bitcoin falls below $72,000, the cumulative long liquidation intensity on major CEXs will reach $807 million.
Conversely, if Bitcoin surpasses $75,000, the cumulative short liquidation intensity on major CEXs will reach $1.058 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, known as intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once 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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