Data: If Bitcoin falls below $55,000, the cumulative long liquidation intensity on mainstream CEX will reach $765 million

2024-09-11 15:01:37

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ChainCatcher news, according to Coinglass data, if Bitcoin falls below $55,000, the cumulative long liquidation intensity on major CEXs will reach $765 million. Conversely, if Bitcoin breaks above $58,000, the cumulative short liquidation intensity on major CEXs will reach $585 million.

The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows 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, there will be a stronger reaction due to liquidity waves.

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Bitcoin CEX clearing intensity

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