If Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.55 billions.
BlockBeats News, October 3, according to Coinglass data, if Bitcoin falls below $118,000, the cumulative long liquidation intensity on major CEXs will reach $1.555 billion.
Conversely, if Bitcoin breaks through $122,000, the cumulative short liquidation intensity on major CEXs will reach $1.083 billion.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters.
Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to the wave of liquidity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
Data: Detected an outflow of 35.11 million USDT from a certain exchange
SK Hynix CEO: Memory chip shortage will persist until 2030
Crypto prices
More
