If Bitcoin Surpasses $77,000, CEX Liquidation Intensity Will Reach $1.086 Billion
On April 14, according to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation intensity on major CEXs will reach $1.086 billion. Conversely, if Bitcoin falls below $73,000, the cumulative long liquidation intensity on major CEXs will reach $1.512 billion. Note from BlockBeats: The liquidation chart does not show the exact number of contracts pending liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby clusters, i.e., intensity. Therefore, the liquidation chart illustrates the extent to which the underlying price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
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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