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If Bitcoin falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 408 million

If Bitcoin falls below $56,000, the cumulative long order liquidation intensity of mainstream CEX will reach 408 million

CointimeCointime2024/09/02 06:12
By:Cointime

On September 1st, according to Coinglass data, if Bitcoin falls below $56,000, the cumulative liquidation intensity of mainstream CEX long positions will reach $408 million; conversely, if Bitcoin rises and breaks through $60,000, the cumulative liquidation intensity of mainstream CEX short positions will reach $804 million.

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 show the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e. intensity. Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that level.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. Higher "liquidation bars" indicate that there will be a stronger reaction due to the liquidity wave when the price reaches that level.

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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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