If Bitcoin drops below $110,000, the mainstream CEX's total long liquidation volume will reach $1.218 billion.
BlockBeats News, October 29th, according to Coinglass data, if Bitcoin falls below $110,000, the cumulative long liquidation intensity on major CEXs will reach $1.218 billion.
Conversely, if Bitcoin breaks above $114,000, the cumulative short liquidation intensity on major CEXs will reach $725 million.
BlockBeats Note: The liquidation chart does not show the exact 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 adjacent 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 when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
You may also like
Gainers
Latest Crypto News
Arthur Hayes: Maybe Monad Could Be the First to Fully Unlock Tokens and Challenge Ethereum and Solana
Kazakhstan's National Bank Plans to Allocate Up to $300 Million to Invest in Cryptocurrency
24-Hour Spot Funding Flow: ETH Net Outflow of $139 Million, ZEC Net Outflow of $11.58 Million
Santiment: "Buy the Dip" Strategy Fading as Ethereum Nears $3,200 Strong Resistance Zone
A trader had their $6.5M USD MON long position liquidated, resulting in a $1.9M USD loss.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com