If Bitcoin falls below $117,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.455 billion.

robot
Abstract generation in progress

On July 23, according to Coinglass data, if Bitcoin falls below $117,000, the cumulative long order liquidation intensity on mainstream CEX will reach $1.455 billion. Conversely, if Bitcoin rises and breaks through $119,000, the cumulative short order liquidation intensity on mainstream CEX will only be $181 million. BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts that have been 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 the extent to which the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates a stronger reaction due to liquidity waves once the price reaches that point.

BTC-1.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)