Mars Finance reports that, according to Coinglass data, if Bitcoin breaks through $80,000, the total liquidation strength of long positions on mainstream CEXs will reach 7.86 billion. Conversely, if Bitcoin drops below $77,000, the total liquidation strength of short positions on mainstream CEXs will reach 8.77 billion. 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 compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation columns” indicate that the price will react more strongly due to liquidity waves once reached.
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Data: If Bitcoin breaks through $80,000, the total liquidation strength of mainstream CEX short positions will reach 786 million.
Mars Finance reports that, according to Coinglass data, if Bitcoin breaks through $80,000, the total liquidation strength of long positions on mainstream CEXs will reach 7.86 billion. Conversely, if Bitcoin drops below $77,000, the total liquidation strength of short positions on mainstream CEXs will reach 8.77 billion. 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 compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation columns” indicate that the price will react more strongly due to liquidity waves once reached.