According to Coinglass data, Bitcoin’s price movement is approaching high-impact liquidation zones on mainstream centralized exchanges (CEXs).
💡Key Liquidation Levels:
1. If Bitcoin surpasses $88,000, short orders worth $371 million could be liquidated across major CEXs.
2. If Bitcoin drops below $84,000, long orders worth $422 million could face liquidation.
💡Understanding the Liquidation Chart:
1. The liquidation chart does not indicate the exact number of contracts or their value but rather the relative importance of each liquidation cluster.
2. Larger liquidation columns signal a higher likelihood of significant price movements when Bitcoin reaches a particular level.
3. The stronger the liquidation cluster, the more volatile Bitcoin’s price reaction is expected to be.
#bitcoin #Liquidation #CEX
💡Key Liquidation Levels:
1. If Bitcoin surpasses $88,000, short orders worth $371 million could be liquidated across major CEXs.
2. If Bitcoin drops below $84,000, long orders worth $422 million could face liquidation.
💡Understanding the Liquidation Chart:
1. The liquidation chart does not indicate the exact number of contracts or their value but rather the relative importance of each liquidation cluster.
2. Larger liquidation columns signal a higher likelihood of significant price movements when Bitcoin reaches a particular level.
3. The stronger the liquidation cluster, the more volatile Bitcoin’s price reaction is expected to be.
#bitcoin #Liquidation #CEX
6 days ago
