If Bitcoin breaks $70,000, the mainstream CEX's cumulative short liquidation pressure will reach $6.06 billion.
BlockBeats News, February 20th, according to Coinglass data, if Bitcoin breaks through $70,000, the cumulative short liquidation intensity of mainstream CEXs will reach 6.06 billion.
Conversely, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEXs will reach 7.71 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price, once reached, will generate 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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