BTC Price Surge Above $67,000: Potential Short Order Liquidation Intensity Reaches 1.36 Billion – BlockBeats

According to BlockBeats news, on September 27, according to Coinglass data, if Bitcoin exceeds $67,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.36 billion.

On the contrary, if Bitcoin falls below US$62,000, the cumulative long order liquidation intensity of mainstream CEX will reach 2.078 billion.

BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated, or the precise value of the contracts being liquidated. The bars on the liquidation chart show the importance, or strength, of each liquidation cluster relative to adjacent liquidation clusters.

Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher “liquidation bar” indicates that the price will react more strongly to the liquidity wave later.

source

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link