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

MeNews
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ME News reports that on May 21 (UTC+8), according to Coinglass data, if Bitcoin breaks $80k, the cumulative short liquidation intensity on major CEXs will reach 947 million. Conversely, if Bitcoin falls below $76k, the cumulative long liquidation intensity on major CEXs will reach 899 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to its neighboring clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates a stronger reaction due to the liquidity wave once the price arrives. (Source: BlockBeats)
BTC-0.59%
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