If Bitcoin breaks $71,000, the mainstream CEX total short liquidation pressure will reach 883 million.
BlockBeats News, February 14th, according to Coinglass data, if Bitcoin breaks through $71,000, the mainstream CEX's cumulative short liquidation intensity will reach $883 million.
Conversely, if Bitcoin falls below $68,000, the mainstream CEX's cumulative long liquidation intensity will reach $664 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.
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.
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