If Bitcoin falls below $61,000, the mainstream CEX long liquidation pressure will reach $867 million.
BlockBeats News, July 28th, according to Coinglass data, if Bitcoin falls below $61,000, the total long liquidation strength of mainstream CEXs will reach $867 million.
On the other hand, if Bitcoin surpasses $65,000, the total short liquidation strength of mainstream CEXs will reach $1.157 billion.
BlockBeats Note: The liquidation chart does not display 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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, 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 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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