If Bitcoin surpasses $65,000, the cumulative short liquidation pressure on mainstream CEXs will reach $651 million.
BlockBeats News, July 4th, according to Coinglass data, if Bitcoin breaks above $65,000, the total liquidation strength of mainstream CEX short positions will reach $651 million.
On the other hand, if Bitcoin falls below $61,000, the total liquidation strength of mainstream CEX long positions will reach $678 million.
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, i.e., the strength.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger 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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