【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 surge 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 CEX platforms will reach a total of 371 million. In comparison, the liquidation pressure in this direction is somewhat lighter.
How to understand liquidation strength? 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: these liquidation orders are relative to the importance of surrounding liquidation clusters. In other words, the higher the bar, the more significant the price