If Bitcoin breaks $75,000, the mainstream CEX total short liquidation volume will reach $453 million
BlockBeats News, May 31st, according to Coinglass data, if Bitcoin breaks above $75,000, the total short liquidation intensity on mainstream CEXs will reach $453 million.
Conversely, if Bitcoin falls below $72,000, the total long liquidation intensity on mainstream CEXs will reach $670 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 represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain position. A higher "liquidation bar" indicates that the price reaching that level will experience a more intense 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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