ChainCatcher reports that, according to Coinglass data, if Bitcoin breaks above $80,000, the cumulative short liquidation strength on mainstream CEXs will reach 1.063 billion. Conversely, if Bitcoin drops below $76,000, the cumulative long liquidation strength on mainstream CEXs will reach 296 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster in relation to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will generate a stronger reaction due to liquidity waves once reached.
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