If Bitcoin falls below $62,000, the mainstream CEX's long liquidation volume will reach $609 million.
BlockBeats News, June 4th, according to Coinglass data, if Bitcoin falls below $62,000, the total long liquidation strength of mainstream CEXs will reach $6.09 billion.
Conversely, if Bitcoin surpasses $66,000, the total short liquidation strength of mainstream CEXs will reach $3.76 billion.
BlockBeats Note: The liquidation chart does not display 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 adjacent clusters, i.e., the strength.
Therefore, the liquidation chart shows to what extent the asset price reaching a certain point will be affected. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense 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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