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Comparison of key Bitcoin price levels and liquidation strength: $85,000 vs $88,000
【Crypto World】 According to the latest data from Coinglass, the liquidation strength comparison between two key price ranges for Bitcoin is quite evident.
Bearish pressure: If Bitcoin falls below the $85,000 mark, the liquidation intensity of long positions on mainstream CEX platforms will accumulate to 1.052 billion. This means that once this price level is reached, the liquidity wave caused by liquidations could be quite fierce, potentially triggering a chain reaction.
Bullish support: Conversely, if Bitcoin breaks through $88,000, the liquidation intensity of short positions on mainstream CEXs will reach a total of 371 million. In comparison, the liquidation pressure in this direction is somewhat lighter.
How to understand liquidation intensity? Many people tend to confuse this — the height of the bars on the liquidation chart does not indicate how many contracts are waiting to be liquidated, nor does it represent the exact liquidation amount. The true meaning is: the importance of these liquidation orders relative to surrounding clusters. In other words, the higher the bar, the more intense the market liquidity impact when the price reaches that level. Higher liquidation bars mean that once triggered, the influx of a large number of liquidations can cause greater volatility.
For traders, these two price levels are both critical points to watch closely for potential support and resistance.
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The question of whether 88,000 will break or not, it feels like the bears are really eating the dates but not the medicine...
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Liquidation intensity, to put it simply, is the strength of the sell-off. Understand?
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Longs are only facing a 371 million pressure? It seems like it needs to go up a bit more.
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Haha, once this data came out, longs need to defend the 85,000 level, or it will really be a bloodbath.
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Oh my god, I suddenly understand why so many people got liquidated at these two price levels.
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Is 85,000 the life and death line? Then I need to tighten my stop-loss.
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It feels like this round of market is just a back-and-forth battle around these two numbers.
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So this is what liquidation intensity really means. I misunderstood before...
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Longs don't seem as strong as expected. Things don't look very optimistic.
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Damn, repeatedly tugging at these two price levels, who is actually breaking the support?
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The concept of liquidation intensity, simply put, is about relative importance. Many people might have misunderstood it, haha.
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On the long side, 371 million is quite comfortable, while the shorts are directly hammered down.
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Looking at this data, 85,000 seems like a trap... If it really crashes, a chain reaction is unthinkable.
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Why are these two numbers again? Bitcoin just likes to get stuck at these levels, huh.
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I need to think about the understanding of liquidation intensity; I feel I was focusing on the wrong direction before.
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Looking at this comparison, the longs are actually quite stable, while the shorts have been having a tough time recently.
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10.52 billion vs 3.71 billion, the disparity... quite interesting.
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Why is the liquidation pressure so light on the 88,000 side? Feels off.