If Bitcoin breaks $80,000, the mainstream CEX's total short liquidation volume will reach $777 million.
BlockBeats News, May 26th, according to Coinglass data, if Bitcoin breaks above $80,000, the cumulative short liquidation strength of mainstream CEXs will reach $777 million.
Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation strength of mainstream CEXs will reach $634 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the strength.
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 have a more intense reaction due to a liquidity cascade when it reaches that point.
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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