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If Bitcoin breaks through $79k, the total liquidation strength of mainstream centralized exchanges (CEX) for short positions will reach 647 million.
BlockBeats News, April 24th, according to Coinglass data, if Bitcoin breaks above $79,000, the cumulative short liquidation strength on mainstream CEXs will reach 647 million.
Conversely, if Bitcoin falls below $77,000, the cumulative long liquidation strength on mainstream CEXs will reach 597 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the precise value of the contracts being liquidated. The bars on the liquidation chart indicate the importance of each liquidation cluster relative to nearby clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much the target price reaching a certain level will be affected. A higher “liquidation column” means that after the price reaches that point, it will trigger a stronger reaction due to liquidity waves.