**Bitcoin price is on the rise again, and the liquidation intensity has attracted market attention**
Hello everyone! Today we are going to talk about the new trends in the Bitcoin market. According to Coinglass data, if the Bitcoin price breaks through $64,000, the cumulative short order liquidation intensity of mainstream cryptocurrency exchanges (CEX) will reach $540 million. On the contrary, if Bitcoin falls below $60,000, the cumulative long order liquidation intensity will reach $708 million.
Does this sound a bit complicated? Don't worry, let's break it down one by one!
First of all, what is liquidation? Simply put, when the Bitcoin price reaches a certain critical point, the long or short orders in the market will be forced to close, which is the so-called liquidation. The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The columns on the liquidation chart show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
This means that if the Bitcoin price reaches a certain position, the market will react more strongly to the liquidity wave. A higher "liquidation column" means that the price will trigger greater market volatility after it reaches that point.
So, what impact does this have on us ordinary investors? First of all, increased market volatility means that opportunities and risks coexist. If you are a short-term trader, this may be a great opportunity; but if you are a long-term holder, you may need to be more cautious.
Of course, these data are just a reference, and no one can fully predict the market trend. We recommend that you stay calm and do a good job of risk management when investing.
Finally, everyone is welcome to share your views and strategies in the comment area! Do you think Bitcoin will break through $64,000 or fall below $60,000? Let's discuss it together! 😊
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I hope this news flash can bring you some useful information and thoughts. If you have any questions or suggestions, please leave a message in the comment area and we will get back to you as soon as possible!