BTC in a tug-of-war between $88,000 and $91,000: Both long and short liquidations exceed $600 million

robot
Abstract generation in progress

[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.

BTC-0.93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SignatureAnxietyvip
· 32m ago
A showdown between bulls and bears is about to erupt.
View OriginalReply0
PretendingSeriousvip
· 12-07 03:47
It's time to wait and see again.
View OriginalReply0
HashBrowniesvip
· 12-07 03:45
The bull and bear showdown is really exciting.
View OriginalReply0
BearHuggervip
· 12-07 03:45
Going long is full of risks.
View OriginalReply0
ProtocolRebelvip
· 12-07 03:41
A wave of long and short liquidations is coming
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)