Mainstream CEX Cumulative Short Liquidation Intensity to Reach $1.205 Billion if Bitcoin Breaks $61,000
According to Coinglass, if Bitcoin breaks above $61,000, the cumulative short liquidation strength of mainstream CEX will reach $1.205 billion;
If Bitcoin falls below $58,000, the cumulative long liquidation strength of mainstream CEX would reach $846 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. What the bars on the chart show is actually the importance, or strength, of each liquidation cluster relative to the neighboring liquidation clusters.
Thus, the liquidation chart shows how much the underlying price will be affected by reaching a certain position. Higher liquidation bars indicate that the price will react more strongly when it arrives because of the liquidity wave.
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.
You may also like
Valued at 2 trillion! Anthropic may become the largest IPO in history, roadshow starts in October, listing before the midterm elections in November
According to sources familiar with the matter, Anthropic is expected to begin its IPO roadshow as early as mid-October and complete its listing just a few days before the U.S. midterm elections in November.
Top Investor Says XRP Is A Global Agenda. Here’s why
AI's Next Big Winners Emerging? PIMCO Avoids U.S. Stock Giants, Makes Heavy Bets on Asian "Pick-and-Shovel" Companies
PIMCO fund manager Sharef believes that as capital expenditures in AI continue to shift towards data centers and infrastructure, Asian supply chain companies—with their lower valuations and stronger profit growth—stand to benefit more directly from the AI construction cycle compared to the highly valued and increasingly indebted US tech giants. As a result, he underweights most large US tech stocks and instead is heavily invested in "picks-and-shovels" companies such as Samsung Electronics, SK Hynix, and TSMC.
Morgan Stanley lifts ADTRAN stake to 6.96% from 6.77% voting rights disclosure shows
Crypto prices
More
