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BlockBeats News, June 13th, according to Coinglass data, if Bitcoin breaks through $66,000, the cumulative short liquidation intensity on mainstream CEXs will reach $9.15 billion.
Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on mainstream CEXs will reach $9 billion.
BlockBeats Note: The liquidation chart does not show the precise number of contracts to be liquidated or the exact value of the liquidated contracts. 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 the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade once it reaches that point.
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
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