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Data: If Bitcoin breaks through $63k, the total liquidation strength of short positions on mainstream centralized exchanges will reach $63k.

MarsBitNews
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Mars Finance News: According to Coinglass data, if Bitcoin breaks through $63,000, the total liquidation strength of mainstream CEX short positions will reach $1.513 billion. Conversely, if Bitcoin falls below $59,000, the total liquidation strength of mainstream CEX long positions will reach $989 million. The liquidation chart is not showing either the exact number of contracts pending liquidation, or the exact value of the contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby clusters—that is, the intensity. Therefore, the liquidation chart shows how much the target price reaching a certain level will be affected. Higher “liquidation columns” indicate that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
BTC-1.49%
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