Data: If Bitcoin Breaks $64,000, Mainstream CEX Cumulative Liquidation Intensity Will Reach $540 Million
Article is form Jinse
September 19, 2024
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On September 19th, Coinglass data revealed that if Bitcoin breaks through $64,000, the cumulative liquidation intensity of mainstream CEX short positions will reach $540 million. Conversely, if Bitcoin falls below $60,000, the cumulative liquidation intensity of mainstream CEX long positions will reach $708 million.
Therefore, the liquidation chart demonstrates the extent to which a price reaching a specific level will be affected. A higher "liquidation bar" signifies a stronger reaction due to the liquidity wave when the price hits that level.
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