Bitcoin alert! Falling below $65,000 will trigger a 636 million liquidation wave
According to Coinglass data, if the price of Bitcoin falls below $65,000, the cumulative long order liquidation strength of mainstream centralized exchanges (CEX) will reach an astonishing 636 million. On the contrary, if Bitcoin successfully breaks through $67,000, the cumulative short order liquidation strength may reach 953 million.
It is worth noting that the liquidation chart does not accurately show the number or value of contracts to be liquidated, but reflects the relative importance of each liquidation interval. A higher liquidation column means that when the price reaches a certain position, the market will react more strongly due to liquidity fluctuations.
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