ME News reports that, as of August 29 (UTC+8), according to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $797 million. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach $708 million. BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts to be liquidated. The bars on the liquidation chart represent the relative intensity of each liquidation cluster compared to its neighboring clusters. Thus, the liquidation chart illustrates the degree of market impact that would occur if the price reaches a certain level. Higher "liquidation bars" indicate that price levels will trigger stronger market reactions due to liquidity surges. (Source: BlockBeats)
If Bitcoin falls below $76,000, mainstream CEX long position liquidation intensity reaches $797M.
KuCoinFlashShare
Summary
Bitcoin news on August 29 (UTC+8) shows that if the Bitcoin chart price falls below $76,000, long position liquidations on major CEX platforms could reach $797 million. If the Bitcoin chart rises above $80,000, short liquidations could reach $708 million. BlockBeats notes that liquidation charts reflect cluster intensity rather than exact values, indicating potential market impact at key price levels.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.