If Bitcoin breaks through $100,000, the total liquidation strength of mainstream CEX short positions will reach 1.346 billion
According to Coinglass data, if Bitcoin breaks through $100,000, the total liquidation strength of mainstream CEX short positions will reach 1.346 billion. Conversely, if Bitcoin falls below $95,000, the total liquidation strength of mainstream CEX long positions will reach 1.424 billion. BlockBeats note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters - in other words, their strength. Therefore, what a liquidation chart shows is how much impact there would be when prices hit certain levels. Higher bars on a liquidation chart indicate that reaching those price levels could trigger more intense reactions due to liquidity waves.
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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