According to Coinglass data, if the price falls below $2,199, the total liquidation strength of mainstream CEX long positions will reach $794 million. On the contrary, if the price breaks above $2,426, the total liquidation strength of mainstream CEX short positions will reach $742 million.

You’ll carefully notice that the liquidation amounts for longs are pretty much the same; it just depends on which way the market moves finally, and in the end, it’s all about whether retail investors can hold up.

Last week, there was a frenzy of liquidating longs, this week it’s liquidating shorts, and in the coming week, there may be a double liquidation of both longs and shorts, and then the market rises straight away with everything light and easy. $BTC