《Bitcoin Price "Challenges": Breakthrough or Breakdown of Key Levels, How Shocking is the Liquidation Scale?》

According to data from Coinglass, if the price of Bitcoin rises and breaks through the $109,000 barrier, the total liquidation scale of all short positions on mainstream centralized exchanges (CEX) is estimated to reach $1.345 billion.

Conversely, if the price of Bitcoin falls and breaks below the $104,000 line, the liquidation scale of short positions on mainstream CEX will be even larger, expected to reach $1.5 billion.

It should be noted that BlockBeats reminds everyone that the liquidation chart does not directly tell you how many contracts are waiting to be liquidated or what the exact liquidation value is. The bars on the liquidation chart actually show each liquidation price range and how significant it is compared to nearby liquidation price ranges, which is referred to as “liquidation intensity.”

Therefore, the liquidation chart mainly aims to inform us how much the market will be affected if the Bitcoin price rises to or falls to a specific position. The higher the liquidation bars, it indicates that the price has reached that position, as the buying and selling forces in the market change, the reaction will be more intense. #加密市场观察