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BlockBeats News, August 23rd, according to Coinglass data, if Bitcoin falls below $75,000, the cumulative long liquidation pressure on mainstream CEXs will reach $1.085 billion.
On the contrary, if Bitcoin surpasses $78,000, the cumulative short liquidation pressure on mainstream CEXs will reach $609 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent 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 have a more intense reaction due to a liquidity cascade when it reaches that level.
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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