According to Coinglass data, if Bitcoin rebounds beyond 61,000 dollars, the mainstream CEX cumulative short order liquidation strength will reach 452 million.
On the contrary, if Bitcoin falls below 58,000 dollars, the cumulative multi-order clearing strength of the mainstream CEX will reach 727 million.
Note: The clearing chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. The columns on the clearing chart show the importance, i.e. strength, of each clearing cluster relative to the adjacent clearing clusters.
Therefore, the clearing chart shows the extent to which the underlying price will be affected when it reaches a certain level. A higher "clearing bar" indicates that the price will respond more strongly to the liquidity wave when it arrives.
If Bitcoin breaks through 61,000 dollars, the mainstream CEX cumulative short order clearing strength will reach 452 million
2024-09-13 16:02:55
Coinglass data bitcoin rebound breakout 6.1 million dollars mainstreamdesk3cryptocurrencydesktopCrypto News
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