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If Bitcoin falls below $71,000, the cumulative liquidation intensity of long positions on major CEXs will reach $602 million
BlockBeats News, Nov. 10: According to Coinglass data, if Bitcoin falls below $71,000, the cumulative liquidation intensity of long positions on major CEXs will reach $602 million.
Conversely, if Bitcoin rises above $75,000, the cumulative liquidation intensity of short positions on major CEXs will reach $480 million.
BlockBeats note: The liquidation map does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. Instead, the bars on the map show the relative importance, or intensity, of each liquidation cluster compared with nearby clusters.
Therefore, the liquidation map shows the extent to which the market will be affected if the asset price reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will trigger a stronger reaction due to a wave of liquidity.
Conversely, if Bitcoin rises above $75,000, the cumulative liquidation intensity of short positions on major CEXs will reach $480 million.
BlockBeats note: The liquidation map does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. Instead, the bars on the map show the relative importance, or intensity, of each liquidation cluster compared with nearby clusters.
Therefore, the liquidation map shows the extent to which the market will be affected if the asset price reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will trigger a stronger reaction due to a wave of liquidity.
