BlockBeats News, February 8 — According to Coinglass data, if Bitcoin breaks above $73,000, the cumulative short liquidation strength on major CEXs will reach 482 million.
Conversely, if Bitcoin drops below $70,000, the cumulative long liquidation strength on major CEXs will reach 270 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows how much impact reaching a certain price level will have. Higher “liquidation bars” indicate that once the price reaches that level, it will trigger a stronger reaction due to liquidity waves.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
El Salvador's Bitcoin strategic reserves exceed 7,600 coins, valued at $506 million.
Gate News reported that on March 29, the official Salvadoran institution The Bitcoin Office announced on the X platform that the country's Bitcoin strategic reserve holdings have surpassed 7,600 coins, currently increasing to 7,605.37 BTC, valued at approximately $506 million.
GateNews10m ago
Watch out Bitcoin devs. Google says post-quantum migration needs to happen by 2029.
The crypto industry's reaction was that a quantum computing threat was still distant when Google unveiled its Willow quantum chip in December 2024.
Bitcoin uses SHA-256 for mining and ECDSA for signatures, both of which are theoretically vulnerable to quantum decryption, but the consensus was that
CoinDesk13m ago
Bitcoin may record its second consecutive six-month decline in history, following its first consecutive six-month drop, after which it surged by 208%.
BlockBeats news, on March 29, according to Coinglass data, Bitcoin's return rate for March this year is currently reported at -0.76%, which may mark the sixth consecutive month of decline.
Historically, Bitcoin has only experienced a similar situation once: from August 2018 to January 2019, it fell approximately 54.8% over six months. Subsequently, Bitcoin saw a continuous rise for five months (from February 2019 to June 2019), with a total increase of up to 208%.
BlockBeatNews20m ago
Altcoin XRP Makes Bullish Breakout Against Bitcoin, Projecting a Possible Massive Surge Ahead
Altcoin XRP makes bullish breakout against Bitcoin (BTC).
The asset is projected towards hitting bullish new ATH prices.
The price of XRP could surge over 600% to hit ATH targets over $10.
The crypto market prepares to see Bitcoin (BTC) make its sixth consecutive red close, a pattern
CryptoNewsLand34m ago
