If Bitcoin breaks through $94,000, the cumulative short liquidation intensity of mainstream CEX will reach $1 billion.
If Bitcoin falls below $91,000, the cumulative long liquidation intensity of mainstream CEX will reach $641 million.
Seeing this data, my first reaction is that it needs to break through to hit $1 billion, after all, going up is a trend and there’s more profit to be made, but it seems like smashing down is easier.
However, I still insist on the view that it will rise. Just now, Bitcoin broke the downward trend, so let's observe. If it stabilizes, it will go up to eat those $1 billion contracts.
BTC
92,267.44
-0.85%
