On November 25, BlockBeats reported, based on Coinglass data, that if Bitcoin’s price surpasses $100,000, the total liquidation intensity of mainstream cryptocurrency exchanges (CEX) for short orders would reach $791 million. Conversely, if Bitcoin’s price falls below $97,000, the total liquidation intensity for long orders on mainstream CEXs would reach $593 million.
However, it’s essential to note that BlockBeats’ liquidation chart does not provide the exact number of contracts being liquidated or their precise value. Instead, the chart demonstrates the importance or strength of each liquidation cluster compared to adjacent clusters. Consequently, the liquidation chart signifies the extent to which the underlying price will be affected when it reaches a particular position.
A higher “liquidation bar” suggests that the price will react more strongly to liquidity waves later.
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<p>The post Bitcoin’s Impact on Mainstream CEX Liquidation Intensity first appeared on CoinBuzzFeed.</p>
