If Bitcoin breaks through 82000 USD, the cumulative short liquidation intensity on mainstream CEX will reach 337000000.
BIBIBI
AT A GLANCE
When Bitcoin approaches 82000 USD or 79000 USD, liquidation intensity on mainstream CEX may rise significantly.
Article
If Bitcoin breaks through 82000 USD, the cumulative short liquidation intensity of mainstream CEX will reach 337000000
BlockBeats news, November 5, according to Coinglass data, if Bitcoin breaks through 82000 USD, the cumulative short liquidation intensity of mainstream CEX will reach 337000000.
Conversely, if Bitcoin falls below 79000 USD, the cumulative long liquidation intensity of mainstream CEX will reach 919000000.
BlockBeats note: The liquidation map 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 map actually show the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation map shows the extent to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that after the price reaches that level, there will be a stronger reaction due to a liquidity wave.
Original link https://m.theblockbeats.info/flash/375555
Key points
01
Coinglass data shows that if Bitcoin breaks through 82000 USD, the cumulative short liquidation intensity on mainstream CEX will reach 337000000.
02
If Bitcoin falls below 79000 USD, the cumulative long liquidation intensity on major CEX will reach 919000000.
03
The liquidation chart displays the relative importance of liquidation clusters, namely liquidation intensity, rather than the exact number of contracts to be liquidated or the value of liquidated contracts.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short positions refer to positions betting on a price decline, while long positions refer to positions betting on a price increase. Liquidation intensity indicates the degree to which related positions may be affected after the price reaches a certain level.
Why it matters to readers
If the price touches the relevant levels, the liquidation map indicates that a stronger market reaction may occur; however, these figures are conditional intensity estimates and do not mean that actual liquidations have already occurred.
Beginners should note that 337000000 and 919000000 are liquidation intensity data and are not equivalent to actual losses or liquidation amounts that have already occurred.
Risks and unknowns
Whether Bitcoin will break through 82000 USD or fall below 79000 USD is not confirmed in the original text.
The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of the contracts being liquidated.
The original text does not state whether these conditional estimates will ultimately be realized.
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Related concepts
Short Position
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