BlockBeats news: On June 27, according to Coinglass data, if Bitcoin breaks through $62,000, the cumulative liquidation intensity of short positions on major CEXs will reach 915 million.
Conversely, if Bitcoin falls below $59,000, the cumulative liquidation intensity of long positions on major CEXs will reach 697 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts expected to be liquidated, or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to the nearby liquidation clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much the target price reaching a certain level will be affected. A higher “liquidation bar” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.
Conversely, if Bitcoin falls below $59,000, the cumulative liquidation intensity of long positions on major CEXs will reach 697 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts expected to be liquidated, or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to the nearby liquidation clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much the target price reaching a certain level will be affected. A higher “liquidation bar” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.