ChainCatcher reports that, according to Coinglass data, if Bitcoin breaks above $80,000, the total liquidation strength of mainstream CEX long positions will reach 786 million. Conversely, if Bitcoin drops below $77,000, the total liquidation strength of mainstream CEX short positions will reach 877 million.
Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the chart shows how much the price will be affected when reaching a certain level. Higher “liquidation bars” indicate that the price will trigger a stronger reaction due to liquidity waves.
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