According to data from Coinglass reported by COINOTAG news on September 28, significant liquidation levels are anticipated for Bitcoin within specific price bands. Should Bitcoin decline below $65,000, the cumulative long order liquidation intensity across major centralized exchanges (CEX) is expected to hit $636 million. Conversely, a breakthrough beyond $67,000 could trigger a cumulative short order liquidation intensity amounting to $953 million on mainstream CEX platforms. It’s important to note that the liquidation chart does not provide the exact number of contracts or their precise values. Instead, it reflects the relative significance of each liquidation cluster. Therefore, the chart illustrates the potential price impact when certain positions are reached. Higher “liquidation columns” indicate a stronger market response to the impending liquidity wave at these price levels.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024