BTC Breaks $82,000, Could Trigger $464M in Short Liquidations on Major CEXs

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On-chain data from Coinglass indicates that if Bitcoin surpasses $82,000, short liquidations on major centralized exchanges could reach $464 million. On-chain analysis suggests that a drop below $79,000 may trigger $585 million in long liquidations. Blockbeats reports that the liquidation chart highlights key price clusters, illustrating potential market reactions without specifying exact contract values.

BlockBeats news, on May 10, according to Coinglass data, if Bitcoin breaks above $82,000, the cumulative liquidation strength of long positions on major CEXs will reach $464 million.


Conversely, if Bitcoin falls below $79,000, the cumulative liquidation strength of long positions on major CEXs will reach $585 million.


BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of liquidated contracts. The bars on the liquidation chart represent the relative strength or intensity of each liquidation cluster compared to neighboring clusters.


Therefore, the liquidation chart shows how significantly the price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will trigger a stronger reaction due to a wave of liquidity once it reaches that point.

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