CryptoQuant Analyst: The risk of liquidation bringing further bearish pressure is moderate.

According to Mars Finance, on September 23, CryptoQuant analyst Axel Adler Jr tweeted, “The risk of liquidation bringing further bearish pressure is moderate. The net liquidation amount remains negative around -40 million, reflecting the continued big dump of long positions and maintaining downward pressure. However, the liquidation intensity Z value (365 days ) is neutral/moderate, indicating that there is currently no chain risk. The market faces headwinds, but lacks the momentum for a deep fall triggered by liquidation.”