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Data: If Bitcoin breaks through $80k, the total liquidation strength of short positions on mainstream centralized exchanges (CEX) will reach 763 million.
Mars Finance News, according to Coinglass data, if Bitcoin breaks through $80k, the total liquidation strength of mainstream CEX short positions will reach 763 million. Conversely, if Bitcoin drops below $77k, the total liquidation strength of mainstream CEX long positions will reach 507 million. 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 represent the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity. Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.