If Bitcoin surpasses $110,000, the mainstream CEX's total short liquidation volume will reach $1.51 billion.
BlockBeats News, October 31st, according to Coinglass data, if Bitcoin rises above $110,000, the total liquidation intensity of mainstream CEX short positions will reach $1.51 billion.
Conversely, if Bitcoin falls below $106,000, the total liquidation intensity of mainstream CEX long positions will reach $636 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, that is, the 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 shock once it reaches that level.
You may also like
Gainers
Latest Crypto News
Hasset: Would Be Honored to Serve as Federal Reserve Chair if Nominated by Trump
Beijing Business Daily: People's Bank of China Defines Stablecoin for the First Time, Industry Analysis Suggests No Impact on Hong Kong Stablecoin Development
Justin Sun: WeChat Account Hacked, Currently in Emergency Contact for Recovery
Pump.fun protocol revenue in the last 24 hours surpasses Hyperliquid
Analysis: BTC May Rebound in Q1 Next Year, Current Trend Highly Resembles 2022 Bear Market
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com