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If Bitcoin falls below $80,000, the mainstream CEX's cumulative long liquidation volume will reach 529 million.

2 days ago

On March 31st, based on Coinglass data, if Bitcoin drops below $80,000, the total intensity of long liquidation on major CEXs will reach 529 million. On the other hand, if Bitcoin goes above $84,000, the total intensity of short liquidation on major CEXs will reach 939 million. BlockBeats Note: The liquidation chart does not precisely show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring ones, that is, intensity. Therefore, the liquidation chart shows how much the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that point, a more intense reaction will occur due to a liquidity cascade.
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