If Bitcoin surpasses $79,000, the mainstream CEXs' total short liquidation volume will reach $647 million.
BlockBeats News, April 24th, according to Coinglass data, if Bitcoin breaks above $79,000, the cumulative short liquidation intensity on major CEXs will reach $647 million.
Conversely, if Bitcoin drops below $77,000, the cumulative long liquidation intensity on major CEXs will reach $597 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the significance of each liquidation cluster relative to neighboring clusters, i.e., 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 the price will face a stronger 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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