If Bitcoin drops below $68,000, the mainstream CEX liquidation volume will reach $1.068 billion
BlockBeats News, March 24th, according to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation strength of mainstream CEX will reach $1.068 billion.
On the contrary, if Bitcoin surpasses $72,000, the cumulative short liquidation strength of mainstream CEX will reach $1.075 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., strength.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense response due to a liquidity cascade.
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.
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