BlockBeats News, August 29th, according to Coinglass data, if Bitcoin falls below $76,000, the total long liquidation strength of mainstream CEXs will reach $797 million.
Conversely, if Bitcoin surpasses $80,000, the total short liquidation strength of mainstream CEXs will reach $708 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade when it reaches that level.
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