If Bitcoin drops below $62,000, the volume of accumulated long position liquidations across major centralized exchanges (CEXs) would reach $803 million.
According to Coinglass data from August 15, if Bitcoin falls below $62,000, the volume of accumulated long position liquidations on major CEXs would hit $803 million. Conversely, if Bitcoin surpasses the $64,000 mark, the volume of accumulated short position liquidations on major CEXs would reach $888 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of liquidated contracts. Instead, the bars on the chart indicate the significance—or strength—of each liquidation cluster relative to neighboring ones. Consequently, the chart illustrates the potential impact on the asset's price when it reaches a specific level; taller "liquidation bars" suggest a stronger price reaction driven by the surge in liquidity upon hitting that level.
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According to Coinglass data from August 15, if Bitcoin falls below $62,000, the volume of accumulated long position liquidations on major CEXs would hit $803 million. Conversely, if Bitcoin surpasses the $64,000 mark, the volume of accumulated short position liquidations on major CEXs would reach $888 million. Note from BlockBeats: Liquidation charts do not display the exact number or value of liquidated contracts. Instead, the bars on the chart indicate the significance—or strength—of each liquidation cluster relative to neighboring ones. Consequently, the chart illustrates the potential impact on the asset's price when it reaches a specific level; taller "liquidation bars" suggest a stronger price reaction driven by the surge in liquidity upon hitting that level.
$ACE
$VELVET