If Bitcoin Surpasses $64,000, CEX Cumulative Short Liquidation Intensity Will Reach $786 Million

06/19 15:31

On June 19, according to Coinglass data, if Bitcoin surpasses $64,000, the cumulative short liquidation intensity on major centralized exchanges (CEX) will reach $786 million. Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on major CEX will reach $655 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. 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 target price reaching a certain level will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
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