2024-10-31 06:28:07

#BTC If BTC breaks through the historical high, the cumulative short order liquidation strength of mainstream CEX will reach 12.86 billion. On October 31st, according to Coinglass data, if BTC breaks through $73,777 to create a historical high, the cumulative short order liquidation strength of mainstream CEX will reach 12.86 billion. Conversely, if BTC falls below $70,000, the cumulative long order liquidation strength of mainstream CEX will reach 18.15 billion.#比特币白皮书16周年，分享你与比特币的独特故事 #BTC强势突破$73K，再创历史新高？

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.

6 Likes

Reward
6
1
Repost
Share

Comment

0/400

PolarBearBrother

· 2024-10-31 06:29

If BTC breaks through the historical high, although it will trigger a large number of short order liquidations, it may be regarded as a strong performance of the market, attracting more funds and investors to follow. From this perspective, there is a certain favorable information tendency. However, a large number of short order liquidations may also cause market instability and fluctuations. If BTC falls below $70,000 and triggers a large number of long order liquidations, it will bring certain downward pressure and instability factors to the market, with a certain unfavorable information tendency. But at the same time, it may also provide an opportunity for some investors to buy the dips.

View OriginalReply1