If Bitcoin breaks through $66,000, the cumulative short order liquidation intensity of mainstream CEX will reach 213 million
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According to Coinglass data, if Bitcoin breaks through $66,000, the cumulative liquidation intensity of short positions on mainstream CEXs will reach $213 million; conversely, if Bitcoin falls below $64,000, the cumulative liquidation intensity of long positions on mainstream CEXs will reach $109 million. The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart show the relative importance of each liquidation cluster to the nearby liquidation cluster, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. The higher the "liquidation bar", the more intense the reaction will be due to the liquidity wave when the price reaches that level.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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