If Bitcoin Falls Below $57,000, Cumulative Long Order Liquidation Intensity of Major CEXs...
BlockBeats News, as of August 15, according to Coinglass data, if Bitcoin falls below $57,000, the cumulative long-term order liquidation power of mainstream CEXs will reach 607 million. Conversely, if Bitcoin breaks through $59,000, the cumulative short-term order liquidation power of mainstream CEXs will reach 217 million.
BlockBeats Note: The liquidation chart does not indicate the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually indicate the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, its strength.
Therefore, the liquidation chart indicates the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after reaching it.
BlockBeats News, as of August 15, according to Coinglass data, if Bitcoin falls below $57,000, the cumulative long-term order liquidation power of mainstream CEXs will reach 607 million. Conversely, if Bitcoin breaks through $59,000, the cumulative short-term order liquidation power of mainstream CEXs will reach 217 million.
BlockBeats Note: The liquidation chart does not indicate the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually indicate the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, its strength.
Therefore, the liquidation chart indicates the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave after reaching it.