If Bitcoin surpasses $80,000, the mainstream CEX's total short liquidation volume will reach $947 million.
BlockBeats News, May 21st, according to Coinglass data, if Bitcoin breaks above $80,000, the cumulative short liquidation strength of mainstream CEXs will reach $9.47 billion.
Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation strength of mainstream CEXs will reach $8.99 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 demonstrate the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., 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 more intense 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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