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🔥If Bitcoin breaks through $79k, the cumulative short liquidation intensity on mainstream CEXs will reach 647 million.
On April 24th, Coinglass data shows that if Bitcoin surpasses $79k, the cumulative short liquidation intensity on mainstream CEXs will reach 647 million. Conversely, if Bitcoin falls below $77k, the cumulative long liquidation intensity on mainstream CEXs will reach 597 million.
Note: The liquidation chart displays the relative importance of each liquidation cluster, i.e., intensity, rather than the exact number or value of contracts to be liquidated.
Higher "liquidation columns" indicate that when the price reaches that level, there may be a stronger reaction due to liquidity waves.
#btc