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Mainstream CEX Cumulative Short Liquidation Intensity to Reach 81.15 Million if Bitcoin Breaks Historical High
Summary: According to Coinglass data, if Bitcoin breaks the historical high of $124,461, the mainstream CEX cumulative short liquidation intensity will reach 81.15 million. Conversely, if Bitcoin falls below $123,000, the mainstream CEX cumulative long liquidation intensity will reach 474 million. Note: The liquidation chart does not show the exact number of contracts to be liquidated ...
According to Coinglass data, if Bitcoin breaks the historical high of $124,461, the mainstream CEX cumulative short liquidation intensity will reach 81.15 million.
Conversely, if Bitcoin falls below $123,000, the mainstream CEX cumulative long liquidation intensity will reach 474 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring 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 a liquidity surge.
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Link: Mainstream CEX Cumulative Short Liquidation Intensity to Reach 81.15 Million if Bitcoin Breaks Historical High [Copy]
