According to Coinglass data, if Bitcoin surpasses $69,000, the cumulative short order liquidation intensity on mainstream centralized exchanges (CEX) could reach $101 million.
However, if Bitcoin falls below $68,000, the cumulative long order liquidation intensity on these exchanges could rise to $293 million.
It should be noted that the liquidation table does not give the exact number or value of contracts to be liquidated. Instead, it shows the relative importance of each liquidation cluster compared to neighboring clusters and highlights the intensity of each potential price movement. A higher liquidity bar indicates that the market may react more strongly to a wave of liquidity at that price level.
Coinglass liquidation data over the past hours reveals the following for the entire cryptocurrency market:
- 1-Hour Data: $4.62 million was liquidated, including $3.94 million long order and $680,000 short order.
- 4-Hour Data: $9.21 million was liquidated, including $6.32 million long orders and $2.89 million short orders.
- 12-Hour Data: $26.29 million was liquidated, including $18.62 million in long orders and $7.67 million in short orders.
- 24-Hour Data: $60.59 million was liquidated, $31.31 million of which was long and $29.28 million was short.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/iste-bitcoinde-yuklu-likidasyonu-tetikleyecek-long-ve-short-fiyat-seviyeleri/
