Friends in the crypto world, today let's talk about the latest developments in Bitcoin! 🎢
According to data from Coinglass, if the price of Bitcoin breaks through $100,000, the short liquidation intensity on major cryptocurrency exchanges (CEX) will reach $254 million. This means that if the price of Bitcoin rises to this level, the market will experience a significant shake-up.
Conversely, if the price of Bitcoin falls below $97,000, the long liquidation intensity will reach $296 million. This also indicates that the market may face another storm.
So, what is liquidation intensity? Simply put, the liquidation chart does not directly show the number or value of contracts to be liquidated, but rather displays the importance of each liquidation cluster relative to nearby liquidation clusters. In other words, the higher the bars on the liquidation chart, the stronger the market reaction will be when the price reaches that position.
For investors, this data provides an interesting perspective to observe market trends. Whether the price of Bitcoin is rising or falling, market liquidity will be affected. Therefore, investors need to carefully consider these potential market fluctuations when making decisions.
What are your thoughts on the future trend of Bitcoin? Feel free to share your views in the comments! Whether you are bullish or bearish, we look forward to hearing your voice. After all, in this unpredictable crypto world, everyone’s opinion could be a precursor to the next big event!