If Bitcoin falls below $68,000, the cumulative long liquidation intensity on mainstream CEX will reach $719 million
According to Coinglass data, if Bitcoin falls below $68,000, the cumulative long liquidation intensity on mainstream CEX will reach $719 million. Conversely, if Bitcoin breaks above $72,000, the cumulative short liquidation intensity on mainstream CEX will reach $834 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Stablecoin card spending crosses $10.9B

Tokenized Stocks of TeraWulf WULF on Robinhood

When do you pay taxes on crypto? Here's how box 3 works for you

Tim Cook Owns Crypto, Apple Has Not Purchased Bitcoin

Falcon-1024 Identified as Candidate for Bitcoin's Next Signature Scheme

Bitcoin Rally Builds on $2.8 Billion ETF Inflows

Bitcoin Beach in El Salvador Sees Decline! Restaurant Receives Only 1 BTC Payment in a Month, Customers Return to Traditional Card Payments

Bitcoin-Backed Mortgage Product Launched, Collateral to Be Liquidated After 60 Days of Delinquency

Luke Dash Jr. Pushes Bitcoin Mining Project CONVOY After Resigning from Ocean

Increased Demand for Bitcoin ETFs and Potential Rise in Institutional Funds Outside the U.S.

IREN generates 82% of revenue from Bitcoin mining amid AI transition

Brazil Implements Real-Time Alert System for Cryptocurrency Transactions

Survey Shows Limited Impact of 'Digital Gold' Narrative on Americans, Sense of Control More Appealing

Arthur Hayes Predicts Bitcoin Will Rise to $250,000

Reform UK Removes Crypto Sponsors Amid Investigation

Sberbank Launches Loans Secured by Ethereum and Tether

Cryptocurrency Platforms Lost $3.63 Billion Due to Cyberattacks

CryptoQuant Identifies New Bull Market for Bitcoin, Requires Close Above 83000 USD

BitGo Acquires NYDIG's Institutional Trading Business for 42.5 Million USD

Basel Committee on Banking Supervision Reviews Virtual Asset Exposure Standards

UK police seize $1.4M tied to darknet market activity

NFT sales fall 44.7% to $63.3M as Ethereum leads

Claims of Weakened Bitcoin Four-Year Cycle Theory

Bitcoin Surpasses Gold in Number of Holders in the USA

Zhou Chenggang from China Pacific Insurance: RWA is Closely Related to Traditional Financial Systems

Bitmain Unveils Liquid-Cooled Bitcoin Miners S23 XP Hyd and S23e U2H

What Does the Fed's New Stance Mean for Bitcoin and Cryptocurrencies? Detailed Analysis

Cryptocurrency in Brazil: Laws, Taxes, How to Buy, and How to Find the Best Exchange Rates

Cardone Capital adds 1,200 BTC using rental income








