If Bitcoin breaks through $100,000, the total liquidation strength of mainstream CEX short positions will reach 791 million
On November 25, according to Coinglass data, if Bitcoin breaks through $100,000, the total liquidation strength of mainstream CEX short positions will reach 791 million.
Conversely, if Bitcoin falls below $97,000, the total liquidation strength of mainstream CEX long positions will reach 593 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters - that is their "strength".
Therefore, what a liquidation chart shows is how much impact there would be when an underlying price reaches a certain position. A higher "liquidating column" indicates that once prices hit this level it could trigger a more intense reaction due to liquidity waves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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