If Bitcoin surpasses $66,000, the mainstream CEX cumulative short liquidation pressure will reach $477 million.
BlockBeats News, July 26th, according to Coinglass data, if Bitcoin breaks above $66,000, the total short liquidation strength of mainstream CEXs will reach $477 million.
Conversely, if Bitcoin drops below $63,000, the total long liquidation strength of mainstream CEXs will reach $429 million.
BlockBeats Note: The liquidation chart does not show the exact 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 adjacent liquidation clusters, i.e., the strength.
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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