Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
If Ethereum breaks through $3,800, the cumulative short order liquidation intensity of mainstream CEX will reach 769 million

If Ethereum breaks through $3,800, the cumulative short order liquidation intensity of mainstream CEX will reach 769 million

CointimeCointime2024/11/30 13:22
By:Cointime

According to Coinglass data, if Ethereum breaks through $3800, the cumulative short liquidation intensity of mainstream CEX will reach 769 million. Conversely, if Ethereum falls below $3600, the cumulative long liquidation intensity of mainstream CEX will reach 458 million. It should be noted that the liquidation chart does not show the exact number of contracts waiting to be liquidated, or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, 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 point.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Has the Hype for AI Coins Ended? Will the Decline Continue? Here Are the Details

The AI token market has seen a significant decline over the past week, even as Bitcoin remains steady at around $93,000.

Bitcoinsistemi2025/01/13 17:22

Analysis Firm Says 12 Altcoin ETFs Could Be Approved in 2025, Announces First ETF to Get Approval!

Laser Digital noted that 2025 could be a big year for crypto ETFs.

Bitcoinsistemi2025/01/13 17:22

THETA falls below $2

Cointime2025/01/13 16:46