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Mainstream CEX Cumulative Short Liquidation Intensity to Reach $793 Million if Bitcoin Breaks Historical Highs
Summary: According to Coinglass data, if Bitcoin breaks historical highs, the mainstream CEX cumulative short liquidation intensity will reach $793 million. Conversely, if Bitcoin falls below $120,000, the mainstream CEX cumulative long liquidation intensity will reach $1.084 billion. Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact ...
According to Coinglass data, if Bitcoin breaks historical highs, the mainstream CEX cumulative short liquidation intensity will reach $793 million.
Conversely, if Bitcoin falls below $120,000, the mainstream CEX cumulative long liquidation intensity will reach $1.084 billion.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. Higher liquidation bars indicate that the price will generate a stronger reaction due to the liquidity surge.
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Link: Mainstream CEX Cumulative Short Liquidation Intensity to Reach $793 Million if Bitcoin Breaks Historical Highs [Copy]
