CoinGlass：BTC falls below 79000 USD or trigger mainstream CEX long liquidation intensity 855000000
BIBIBI
AT A GLANCE
If Bitcoin falls below 79000 USD or triggers a strong long liquidation reaction, while breaking above 82000 USD corresponds to short liquidation intensity.
Article
If Bitcoin falls below 79000 USD, mainstream CEX the cumulative long liquidation intensity will reach 855000000 BlockBeats reports that October 24, according to Coinglass data, if Bitcoin falls below 79000 USD, mainstream CEX’s cumulative long liquidation intensity will reach 855000000.
Conversely, if Bitcoin breaks above 82000 USD, mainstream CEX’s cumulative short liquidation intensity will reach 519000000.
BlockBeats note: The liquidation chart does not show the precise number of contracts awaiting liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually show the relative importance of each liquidation cluster compared with nearby liquidation clusters—that is, its intensity.
Therefore, the liquidation chart shows the extent to which the underlying asset will be affected when its price reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will trigger a more intense reaction due to a wave of liquidity.
Original link https://m.theblockbeats.info/flash/373534
Key points
01
BlockBeats reported on October 24, citing Coinglass data, that if Bitcoin falls below 79000 USD, mainstream CEX cumulative long liquidation intensity will reach 855000000。
02
If Bitcoin breaks above 82000 USD, mainstream CEX cumulative short liquidation intensity will reach 519000000。
03
The bars on the liquidation chart represent the relative importance of each liquidation cluster, that is, its intensity, rather than the precise number of contracts awaiting liquidation or the precise value of liquidated contracts.
04
A higher liquidation bar indicates that, after the price reaches the corresponding level, it may trigger a more intense reaction due to a wave of liquidity.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a set of conditional market data: when the price falls below 79000 USD long liquidation intensity is relatively high; when it breaks above 82000 USD short liquidation intensity is relatively high. 855000000 and 519000000 are liquidation intensity data and should not be directly understood as precise liquidation amounts.
Why it matters to readers
If the price reaches these levels, the corresponding liquidity reaction indicated by the liquidation chart may be stronger, but the data itself does not mean that the relevant event will necessarily occur.
Beginners should distinguish between “liquidation intensity” and “precise liquidation amount,” and note that both figures are conditional on the price reaching specific levels.
Risks and unknowns
The evidence does not confirm whether Bitcoin’s current price has reached or broken through the thresholds above.
The liquidation chart does not represent the precise number of contracts awaiting liquidation or the precise value of liquidated contracts.
The evidence does not provide confirmation that an actual liquidation event has occurred.
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Long Position
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