If Bitcoin Surpasses $65,000, CEX Liquidation Intensity Will Reach $454 Million

06/20 07:30

On June 20, according to Coinglass data, if Bitcoin breaks through $65,000, the cumulative short liquidation intensity on major CEX platforms will reach $454 million. Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on major CEX platforms will reach $581 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.

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