Data: If Bitcoin falls below $103,000, the cumulative long liquidation intensity on mainstream CEX will reach $975 million

2024-12-18 11:42:03

Collection

ChainCatcher message, according to Coinglass data, if the Bitcoin price falls below $103,000, the cumulative long liquidation intensity on mainstream CEX platforms will reach $975 million; conversely, if Bitcoin breaks above $107,000, the cumulative short liquidation intensity on mainstream CEX platforms will reach $774 million.

It is important to note that the liquidation chart does not show the specific number of contracts to be liquidated or the exact value of the liquidated contracts. The bar chart in the image actually reflects the importance of each liquidation cluster relative to other clusters, which is referred to as "liquidation intensity."

Therefore, the liquidation chart shows the potential impact of changes in market liquidity after the underlying price reaches a certain level. A higher "liquidation bar" indicates that reaching that price point may trigger a stronger market reaction.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.