Data: If Bitcoin breaks through 60,000 USD, the cumulative short liquidation intensity on mainstream CEX will reach 221 million

2024-09-03 12:45:54

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ChainCatcher news, according to Coinglass data, if Bitcoin breaks through $60,000, the cumulative short liquidation intensity on major CEXs will reach $221 million. Conversely, if Bitcoin falls below $58,000, the cumulative long liquidation intensity on major CEXs will reach $611 million.

It is reported that the liquidation chart does not display 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 significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.

Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.

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