If Bitcoin falls below $76k, the total liquidation strength of long positions on mainstream centralized exchanges (CEX) will reach 628 million.

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BlockBeats News, May 16, according to Coinglass data, if Bitcoin falls below $76,000, the cumulative liquidation strength of long positions on major CEXs will reach 628 million.

Conversely, if Bitcoin breaks above $80,000, the cumulative liquidation strength of short positions on major CEXs will reach 914 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster compared with nearby clusters—that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price reaching a certain level will be affected. A higher “liquidation bar” indicates that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.

BTC-3.02%
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