**Bitcoin price is on the rise again, and the liquidation intensity has attracted market attention! **
Hello everyone! Today we are going to talk about the latest developments of Bitcoin. According to Coinglass data, if the price of Bitcoin breaks through $65,000, the cumulative short order liquidation intensity of mainstream CEX (centralized exchanges) will reach $254 million. Conversely, if the price of Bitcoin falls below $60,000, the cumulative long order liquidation intensity will be as high as $755 million.
Does this sound a bit complicated? Don't worry, let us explain it briefly. The liquidation chart does not show the exact number of contracts to be liquidated or the value of the contracts to be liquidated. It shows the importance, that is, the strength, of each liquidation cluster relative to the adjacent liquidation clusters. In simple terms, the liquidation chart tells us how much impact the market will have if the Bitcoin price reaches a certain position.
A higher "liquidation column" means that after the price reaches that position, the market will react more strongly to the liquidity wave. For example, if the Bitcoin price breaks through $65,000, a large number of short orders in the market will be liquidated, which may trigger a wave of increases. If the price falls below $60,000, long orders will be liquidated more strongly, and the market may see a wave of decline.
It's like a financial game, and every price fluctuation may trigger a series of chain reactions. For investors, this is both an opportunity and a challenge. The volatility of the market makes people excited and nervous, but this is also the charm of the cryptocurrency market.
So, what do you think of the future trend of Bitcoin? Do you think it will break through $65,000 or fall below $60,000? Welcome to share your views and predictions in the comment section! 📈
Whether you are bullish or bearish, remember to stay calm and invest rationally. After all, the market is changing, and no one can predict the future 100%. I hope everyone can find their own opportunities in this financial game!
Well, today's news is here. Thank you for your attention and support, and look forward to seeing your wonderful discussions in the comment section!