If Bitcoin falls below $67,000, the total long liquidations across major CEXs will reach $776 million.
BlockBeats news, on June 2, according to Coinglass data, if Bitcoin falls below $67,000, the cumulative long liquidation intensity on major CEXs will reach $776 million.
On the other hand, if Bitcoin breaks above $71,000, the cumulative short liquidation intensity on major CEXs will reach $903 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation, nor the precise value of contracts to be liquidated. The bars on the liquidation chart represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart shows to what extent the market will be affected when the asset price reaches a certain level. A higher "liquidation bar" indicates a stronger market reaction due to a liquidity surge once the price 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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