🚀 Network Liquidations Reach $25.41 Million in Four Hours
#NetworkLiquidations #Coinglass #BlockBeats #CryptoMarket #LiquidationEvents #September2023
According to BlockBeats, data from Coinglass revealed that on September 26, the total amount of liquidations across the entire network in the past four hours amounted to $25.4108 million. Of this, $18.3399 million was liquidated from long orders, while $6.7679 million was liquidated from short orders.#NetworkLiquidations #Coinglass #BlockBeats #CryptoMarket #LiquidationEvents #September2023
🚀 Bitcoin Price Movements Could Trigger Significant Liquidation Events
#Bitcoin #PriceMovements #LiquidationEvents #ShortPositions #LongPositions #CentralizedExchanges #Coinglass #BlockBeats #BTC
According to BlockBeats, data from Coinglass indicates that if Bitcoin surpasses $120,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $736 million. Conversely, if Bitcoin falls below $116,000, the cumulative liquidation intensity of long positions on these exchanges will amount to $268 million.
BlockBeats notes that the liquidation chart does not precisely display the number of contracts pending liquidation or the exact value of liquidated contracts. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity.
Therefore, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" suggests that once the price reaches that level, there will be a stronger reaction due to liquidity waves.#Bitcoin #PriceMovements #LiquidationEvents #ShortPositions #LongPositions #CentralizedExchanges #Coinglass #BlockBeats #BTC
🚀 Bitcoin Price Movements Could Trigger Significant Liquidation Events
#Bitcoin #PriceFluctuations #LiquidationEvents #CryptocurrencyExchanges #Coinglass #BitcoinPrice #ShortPositions #LongPositions #LiquidationIntensity #CryptoMarket #BitcoinVolatility #BTC
Bitcoin's price fluctuations could lead to substantial liquidation events on major cryptocurrency exchanges. According to BlockBeats, data from Coinglass indicates that if Bitcoin's value rises above $90,000, the cumulative liquidation intensity of short positions on mainstream exchanges will reach $435 million.
Conversely, if Bitcoin falls below $88,000, the cumulative liquidation intensity of long positions will amount to $497 million. BlockBeats notes that the liquidation chart does not precisely display the number of contracts pending liquidation or the exact value of liquidated contracts. Instead, the chart's bars represent the relative importance of each liquidation cluster compared to nearby clusters, indicating intensity.
Thus, the chart illustrates the extent to which the target price reaching a certain level will be affected. A higher "liquidation bar" suggests that once the price reaches that point, there will be a stronger reaction due to liquidity waves.#Bitcoin #PriceFluctuations #LiquidationEvents #CryptocurrencyExchanges #Coinglass #BitcoinPrice #ShortPositions #LongPositions #LiquidationIntensity #CryptoMarket #BitcoinVolatility #BTC