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🔥If Bitcoin breaks through $75k, the cumulative short liquidation strength on mainstream CEXs will reach $75k.
According to Coinglass data, if Bitcoin breaks through $75k, the cumulative short liquidation strength on mainstream CEXs will reach $1.25B. Conversely, if Bitcoin falls below $71k, the cumulative long liquidation strength on mainstream CEXs will reach $75k.
The liquidation chart shows the relative importance of liquidation clusters at certain price levels, i.e., the intensity, rather than the exact number or value of contracts to be liquidated.
Higher "liquidation columns" indicate that when the price reaches that level, there may be a stronger reaction due to liquidity waves.
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