NEW: 💰 $9 billion in Bitcoin shorts to be liquidated at $68,000 🚀
This image is a chart from a cryptocurrency analytics platform, showing cumulative liquidation leverage data for long and short positions across various exchanges (Binance, OKX, Bybit).
### Key Features:
- **Cumulative Short Liquidation Leverage (Green Line):** Indicates the cumulative amount of leverage that has been liquidated for short positions. This line rises sharply, particularly after the price crosses a certain threshold.
- **Cumulative Long Liquidation Leverage (Red Line):** Indicates the cumulative amount of leverage liquidated for long positions. This line shows a declining trend.
- **Current Price Marker (58200):** A dashed line marks the current price of the cryptocurrency at 58,200, which is used as a reference point.
- **Exchange Data:** The chart includes liquidation data from major exchanges (Binance, OKX, and Bybit), with different colors representing each exchange.
- **Specific Data Point:** At the point where the price is at 68057, the cumulative short liquidation leverage is shown to be 9.17 billion.
### Summary:
The chart primarily illustrates that a significant amount of short positions were liquidated as the price increased, especially after surpassing the 58,200 price level. In contrast, long liquidation leverage has been steadily decreasing.
