If bitcoin surpasses $75,000, total forced liquidation of short positions on major CEXs will reach $1.246 billions.
BlockBeats reported on April 10, citing Coinglass data, that if Bitcoin breaks through $75,000, cumulative short liquidation intensity on major CEXs will reach $1.246 billion.
Conversely, if Bitcoin falls below $71,000, the cumulative long liquidation intensity on major CEXs will reach $1.327 billion.
Note from BlockBeats: The liquidation chart does not show the precise number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart illustrate the relative significance of each liquidation cluster compared to adjacent clusters—i.e., their intensity.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price hits that level, a stronger reaction will occur due to a wave of liquidity.
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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