If Bitcoin breaks $72,000, the mainstream CEX cumulative short liquidation pressure will reach 590 million.
BlockBeats News, March 20th, according to Coinglass data, if Bitcoin breaks through $72,000, the total short liquidation strength of mainstream CEX will reach $590 million.
On the contrary, if Bitcoin falls below $70,000, the total long liquidation strength of mainstream CEX will reach $275 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., 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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