If Bitcoin falls below $73,000, the mainstream CEX's long liquidation volume will reach $538 million.
BlockBeats News, April 19th, according to Coinglass data, if Bitcoin falls below $73,000, the total long liquidation strength of major CEXs will reach $538 million.
Conversely, if Bitcoin breaks above $77,000, the total short liquidation strength of major CEXs will reach $607 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade once it reaches 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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