If Bitcoin falls below $84,000, the cumulative long liquidation intensity on major CEXs will reach $623 millions.
BlockBeats News, November 23, according to Coinglass data, if bitcoin falls below $84,000, the cumulative long liquidation intensity on major CEXs will reach $623 million.
Conversely, if bitcoin breaks through $88,000, the cumulative short liquidation intensity on major CEXs will only be $533 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bridgford Foods VP Richard Eugene Bridgford acquires USD 2,054.5 in common shares
New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October
Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.
Structure Therapeutics CMO Blas Coll Crespo disposes of USD 124,008 common shares
DigitalOcean CEO Srinivasan Padmanabhan disposes of $1.6 million in common shares
Crypto prices
More
