Data: If Bitcoin falls below $97,000, the cumulative long liquidation intensity on mainstream CEX will reach $983 million

2025-02-02 21:09:02

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ChainCatcher news, according to Coinglass data, if Bitcoin falls below $97,000, the cumulative long liquidation intensity on major CEXs will reach $983 million.

Conversely, if Bitcoin rebounds and breaks above $102,000, the cumulative short liquidation intensity on major CEXs will reach $1.402 billion.

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 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. Higher liquidation bars indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.

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Bitcoin settlement intensity CEX

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