Bitcoin price fluctuations will trigger massive liquidations in mainstream CEX
According to Coinglass data, if Bitcoin falls below $60,000, the total liquidation strength of long positions on mainstream CEX will reach 253 million. Conversely, if Bitcoin breaks through $61,500, the total liquidation strength of short positions on mainstream CEX will reach 545 million.
Note: The liquidation chart shows the importance of each liquidation cluster relative to nearby clusters, i.e., its strength. A higher "liquidation column" indicates a stronger reaction when prices reach that point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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