According to data from the data platform on October 3, if Bitcoin breaks through $122,000, the cumulative short order liquidation intensity on mainstream trading platforms will reach $1 billion.
On the contrary, if Bitcoin falls below 120,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 258 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that there will be a stronger reaction due to the wave of liquidity once the price arrives.
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MultiSigFailMaster
· 14h ago
Long order twenty times all in and it's done.
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GweiTooHigh
· 10-03 15:54
Getting rich is a sure thing.
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LiquiditySurfer
· 10-03 15:53
Let a big wave wash away this wave of shallow bearish traders.
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RektDetective
· 10-03 15:52
Short order waiting to die, watch me go long!
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LightningClicker
· 10-03 15:50
Better to play around with 10x shorting.
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BlockchainFoodie
· 10-03 15:47
hmm... this liquidation chart looks like my secret recipe heat map tbh. spicy positions getting rekt at 122k
BTC breaking through 122,000 or triggering 1 billion dollars in short order liquidation
According to data from the data platform on October 3, if Bitcoin breaks through $122,000, the cumulative short order liquidation intensity on mainstream trading platforms will reach $1 billion.
On the contrary, if Bitcoin falls below 120,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 258 million.
Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually display the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation pillar" indicates that there will be a stronger reaction due to the wave of liquidity once the price arrives.