đ„ Bitcoin Price Movements Could Trigger Major Liquidations đ„
According to BlockBeats, data from Coinglass on October 19 shows that if Bitcoin surpasses $69,000, the cumulative short liquidation intensity on major centralized exchanges (CEX) will hit $101 million. đ On the other hand, if Bitcoin drops below $68,000, long liquidations could reach a massive $293 million. đ
BlockBeats also highlights that the liquidation chart doesnât show the exact number of contracts or their values but represents the relative importance of liquidation clusters. Higher 'liquidation bars' indicate stronger reactions as liquidity waves hit those price points. đ
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