If Bitcoin rebounds above $75,000, the mainstream CEX cumulative short liquidation pressure will reach $1.154 billion.
BlockBeats News, March 5th, according to Coinglass data, if Bitcoin rebounds above $75,000, the cumulative short liquidation intensity of mainstream CEX will reach 1.154 billion.
Conversely, if Bitcoin falls below $72,000, the cumulative long liquidation intensity of mainstream CEX will only be 334 million, and further downside below $71,000 is needed to trigger a higher liquidation intensity (1.234 billion).
BlockBeats Note: The liquidation chart does not precisely show the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense response 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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