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If Bitcoin breaks through $80k, the cumulative short liquidation intensity on major CEXs will reach 947 million.

MeNews
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ME News, May 21 (UTC+8), according to Coinglass data, if Bitcoin breaks through $80k, the cumulative short liquidation intensity on major CEXs will reach 947 million. Conversely, if Bitcoin drops below $76k, the cumulative long liquidation intensity on major CEXs will reach 899 million. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated, 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 its neighboring clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a stronger reaction will occur due to the liquidity wave. (Source: BlockBeats)
BTC-0.93%
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