If Bitcoin drops below $63,000, the mainstream CEX long liquidation volume will reach $1.054 billion.
BlockBeats News, February 25th, according to Coinglass data, if Bitcoin falls below $63,000, the total liquidation strength of mainstream CEX longs will reach $1.054 billion.
Conversely, if Bitcoin breaks through $67,000, the total liquidation strength of mainstream CEX shorts will reach $686 million.
BlockBeats Note: The liquidation chart does not show 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 represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it 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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