If Bitcoin breaks $71,000, mainstream CEX cumulative short liquidation intensity will reach 633 million.
BlockBeats News, March 4th, according to Coinglass data, if Bitcoin breaks through $71,000, the cumulative short liquidation intensity of mainstream CEXs will reach $633 million.
Conversely, if Bitcoin falls below $67,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.103 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts 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 the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur 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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