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If Bitcoin breaks through $65,000, the total liquidation strength of mainstream CEX short positions will reach 254 million

Bitget2024/09/20 04:41

According to Coinglass data, if Bitcoin breaks through $65,000, the total liquidation strength of short positions on mainstream CEX will reach 254 million. Conversely, if Bitcoin falls below $60,000, the total liquidation strength of long positions on mainstream CEX will reach 755 million.

Note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts being liquidated. The bars on the chart actually represent the importance of each liquidation cluster relative to nearby clusters - that is their 'strength'. Therefore, what a liquidation chart shows is how much impact there would be when an underlying price reaches a certain level. A higher 'liquidation bar' indicates that once prices hit that point it could trigger more intense reactions due to liquidity waves.

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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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