📈【Bitcoin price fluctuations: the intensity of short and long order liquidation has attracted attention】

Hello everyone, today we are going to talk about a hot topic in the recent Bitcoin market. According to the latest data from Coinglass, if the Bitcoin price breaks through $67,000, the short order liquidation intensity on mainstream cryptocurrency exchanges (CEX) will reach $1.36 billion. If the Bitcoin price falls below $62,000, the long order liquidation intensity will be as high as $2.078 billion.

Does this sound a bit complicated? Don't worry, let's break it down.

First of all, what is liquidation? Simply put, when the Bitcoin price reaches a certain critical point, the exchange will automatically close some contracts to prevent greater losses. The liquidation chart does not show the exact number of contracts to be liquidated or the value of the liquidated contracts, but shows the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.

In other words, the higher the column on the liquidation chart, the stronger the market reaction will be when the price reaches that position. For example, if the Bitcoin price breaks through $67,000, a large number of short orders in the market will be liquidated, which may trigger a wave of strong price fluctuations. Similarly, if the price of Bitcoin falls below $62,000, the liquidation of long orders will also trigger a similar market reaction.

So, what impact does this have on us ordinary investors? First, these data remind us that market volatility is inevitable. Whether it is rising or falling, some investors will be forced to close their positions, which will cause greater market volatility.

Secondly, this also reminds us to remain calm and rational when investing in cryptocurrencies. The market volatility is high, especially around key price points. Excessive leverage trading may bring high risks, so it is recommended that everyone should invest within their means.

Finally, we also welcome everyone to share their views and experiences in the comment area. Do you think the price of Bitcoin will break through $67,000 or fall below $62,000? Have you encountered similar liquidation situations during your investment? Everyone is welcome to discuss actively!

In general, the volatility of the Bitcoin market is one of its charms, but it also requires us to remain vigilant and rational. I hope that everyone can enjoy this market full of challenges and opportunities while investing.

Looking forward to seeing everyone's wonderful opinions in the comment section! 💬