Bitcoin’s key price levels and market liquidation intensity
👉Breaking $65,000:
According to Coinglass data, if Bitcoin successfully breaks through the $65,000 mark, mainstream cryptocurrency exchanges (CEX) will face up to $296 million in short order liquidation pressure, showing the concentration of short positions and potential risks in the market at this price. release.
👉Falled below $62,000:
On the contrary, if the price of Bitcoin falls below the support level of US$62,000, the long positions of mainstream CEX will be severely hit, and the cumulative long liquidation intensity is expected to reach US$393 million, reflecting the fragility of the market's long protection below this price.
