On September 12, monitoring data showed that the Bitcoin market was facing a key price node. If the price of BTC successfully jumps above $60,000, short positions on mainstream cryptocurrency exchanges (CEX) will encounter significant liquidation pressure, and the liquidation intensity is expected to be as high as $732 million. On the contrary, if the price of Bitcoin unfortunately falls below the $56,000 support level, long positions will face a more violent liquidation storm, and the cumulative liquidation intensity is expected to reach a staggering $1.203 billion.
The liquidation chart does not directly reflect the exact number or value of contracts to be liquidated, but uses the height of the "liquidation bar" to show the potential impact on the market when liquidation is triggered at different price points. In other words, a higher liquidation bar indicates a stronger impact on market liquidity when prices hit that level, potentially triggering wild swings in market sentiment. As such, these clearing data provide investors with an important perspective on market sensitivity and potential risks.
If you are interested in the currency circle but don’t know how to start, you may wish to follow me and find me. I need fans and you need reference.
