If Bitcoin surpasses $80,000, the mainstream CEX cumulative short liquidation volume will reach $763 million.
BlockBeats News, May 17th, according to Coinglass data, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on mainstream CEXs will reach $7.63 billion.
Conversely, if Bitcoin drops below $77,000, the cumulative long liquidation intensity on mainstream CEXs will reach $5.07 billion.
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 represent the importance 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 position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity tsunami.
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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