If Bitcoin drops below $68,000, the mainstream CEX long liquidation volume will reach $719 million.
BlockBeats News, March 26th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation intensity of mainstream CEX will reach $719 million.
Conversely, if Bitcoin surpasses $72,000, the cumulative short liquidation intensity of mainstream CEX will reach $834 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
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 the price will experience a more intense reaction due to a liquidity tsunami upon reaching that level.
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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