Coinglass: Bitcoin 80,000 USD and 83,000 USD have strong liquidation clusters nearby
BIBIBI
AT A GLANCE
If Bitcoin falls below 80000 USD, long liquidation intensity may reach 692000000; if it breaks above 83000 USD, short liquidations may reach 1025000000。
Article
If Bitcoin falls below 80000 USD, major CEX the cumulative long liquidation intensity will reach 692000000 BlockBeats reported that October 23, according to Coinglass data, if Bitcoin falls below 80000 USD, major CEX cumulative long liquidation intensity will reach 692000000.
Conversely, if Bitcoin breaks above 83000 USD, major CEX cumulative short liquidation intensity will reach 1025000000.
BlockBeats note: The liquidation chart does not show the precise number of contracts pending liquidation or the exact value of contracts liquidated. The bars on the liquidation chart actually indicate the relative importance, i.e., intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying asset's price would be affected upon reaching a certain level. Higher “liquidation bars” indicate that, once the price reaches that level, a liquidity wave will trigger a stronger reaction.
Original link https://m.theblockbeats.info/flash/373279
Key points
01
BlockBeats stated that October 23, according to Coinglass data, if Bitcoin falls below 80000 USD, major CEX the cumulative long liquidation intensity will reach 692000000。
02
If Bitcoin breaks above 83000 USD, major CEX the cumulative short liquidation intensity will reach 1025000000。
03
The original text notes that the liquidation chart shows the relative importance among liquidation clusters, rather than the precise number or value of contracts pending liquidation.
04
The original text states that higher liquidation bars indicate that, after the price reaches the corresponding level, a liquidity wave may trigger a stronger reaction.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a conditional risk map: when the price moves down below 80000 USD, the liquidation impact on the long side is stronger; when the price moves up above 83000 USD, the liquidation impact on the short side is stronger. 692000000 and 1025000000 represent liquidation “intensity” in the original text and should not be treated directly as precise liquidation amounts that will necessarily occur at that time.
Why it matters to readers
Strong liquidation clusters are concentrated near these price levels. If the price reaches the relevant areas, liquidation-driven liquidity changes may cause a stronger market reaction.
Beginners should treat liquidation charts as indicators of potential volatility zones, rather than definitive price forecasts or precise lists of losses; highly leveraged positions face greater risk when prices rapidly approach these zones.
Risks and unknowns
The data are projections based on price conditions and do not mean the relevant price levels will necessarily be reached.
The original text does not provide actual liquidation results.
692000000 and 1025000000 The specific units of measurement are not stated in the text.
The evidence does not provide details on Coinglass's calculation methodology, the scope of exchanges covered, or the data update time.
The text only states “October 23,” without specifying the year.
Related Developments
Loading event timeline…
Related concepts
CEX
This term is not in the glossary yet. Browse related concepts in the glossary.
