[Crypto World] According to the latest data from Coinglass (December 7), Bitcoin is currently at a delicate balance point.
Looking down: If BTC falls below the $88,000 support line, the intensity of long liquidation on major centralized exchanges will soar to $606 million. Looking up? If it breaks above $91,000, short liquidation intensity will reach $611 million. The “ammunition” on both sides is almost evenly matched.
One thing to clarify—the liquidation intensity chart does not show the exact number of contracts waiting to be liquidated, nor the specific amount of funds involved. What it really reflects is the relative significance of liquidation clusters within different price ranges. Simply put: it shows how big a reaction the market will have when the price hits a certain level.
What does a taller bar mean? When the price reaches that level, liquidity will surge like a wave, and price volatility will be more intense. So, the intensity of the long-short battle near these two key points is self-evident.
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SignatureAnxiety
· 32m ago
A showdown between bulls and bears is about to erupt.
BTC in a tug-of-war between $88,000 and $91,000: Both long and short liquidations exceed $600 million
[Crypto World] According to the latest data from Coinglass (December 7), Bitcoin is currently at a delicate balance point.
Looking down: If BTC falls below the $88,000 support line, the intensity of long liquidation on major centralized exchanges will soar to $606 million. Looking up? If it breaks above $91,000, short liquidation intensity will reach $611 million. The “ammunition” on both sides is almost evenly matched.
One thing to clarify—the liquidation intensity chart does not show the exact number of contracts waiting to be liquidated, nor the specific amount of funds involved. What it really reflects is the relative significance of liquidation clusters within different price ranges. Simply put: it shows how big a reaction the market will have when the price hits a certain level.
What does a taller bar mean? When the price reaches that level, liquidity will surge like a wave, and price volatility will be more intense. So, the intensity of the long-short battle near these two key points is self-evident.