If Bitcoin falls below $103,000, the cumulative long liquidation intensity on major CEXs will reach $521 million
According to Coinglass data, if Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX will reach $521 million. Conversely, if Bitcoin breaks through $105,000, the cumulative short liquidation intensity on mainstream CEX will reach $301 million. Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the adjacent clusters, i.e., the intensity. Therefore, the liquidation chart demonstrates the extent to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates a stronger reaction due to a wave of liquidity 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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