If Bitcoin Breaks Above $67,000, Cumulative Short Liquidation Intensity on Major CEXs to Reach $412M

08/09 15:50

On August 9, according to Coinglass data, if Bitcoin breaks above $67,000, the cumulative short liquidation intensity on major CEXs will reach $412 million. Conversely, if Bitcoin falls below $63,000, the cumulative long liquidation intensity on major CEXs will reach $413 million. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying asset's price will be affected when it reaches a certain position. A higher 'liquidation bar' indicates that once the price arrives, a stronger reaction will occur due to the liquidity wave.
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