BlockBeats News, November 14: According to Coinglass data, if Bitcoin falls below $63,000, the cumulative liquidation intensity of long positions on major CEXs will reach $378 million.
Conversely, if Bitcoin rebounds and breaks above $68,000, the cumulative liquidation intensity of short positions on major CEXs will reach $942 million.
BlockBeats note: A liquidation map does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. The bars on the map actually show the relative importance of each liquidation cluster compared with nearby clusters—in other words, its intensity. Therefore, a liquidation map shows the extent to which the market will be affected when the underlying asset’s price reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level could trigger a stronger reaction due to a wave of liquidity.
Conversely, if Bitcoin rebounds and breaks above $68,000, the cumulative liquidation intensity of short positions on major CEXs will reach $942 million.
BlockBeats note: A liquidation map does not show the exact number of contracts awaiting liquidation or the exact value of contracts liquidated. The bars on the map actually show the relative importance of each liquidation cluster compared with nearby clusters—in other words, its intensity. Therefore, a liquidation map shows the extent to which the market will be affected when the underlying asset’s price reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level could trigger a stronger reaction due to a wave of liquidity.