BlockBeats News, April 3, according to Coinglass data, if Bitcoin falls below $65k, the cumulative liquidation intensity of long positions on major CEXs will reach 65k.
Conversely, if Bitcoin breaks above $68k, the cumulative liquidation intensity of short positions on major CEXs will reach 754 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts expected to be liquidated, or the exact value of the contracts that will be liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the nearby liquidation clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much a target price will be affected once it reaches a certain level. A higher “liquidation bar” indicates that after the price gets there, it will trigger a more intense reaction due to liquidity waves.
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