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If Bitcoin drops below $95,000, the mainstream CEX long liquidation pressure will reach 360 million.

2024-11-24 20:33

BlockBeats News, November 24th, according to Coinglass data, if Bitcoin falls below $95,000, the total long liquidation intensity of mainstream CEXs will reach 360 million.


On the other hand, if Bitcoin surpasses $99,000, the total short liquidation intensity of mainstream CEXs will reach 335 million.


BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.


Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense response due to a liquidity cascade.

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