According to Coinglass, if the price of BTC falls below $80,000, it will trigger the liquidation of long orders on major CEX exchanges totaling 383 million. Conversely, if the price of BTC exceeds $85,000, it will lead to the liquidation of short orders on major CEX exchanges totaling 351 million. The liquidation schedule shows the potential impact of reaching a certain price level. On March 12th, according to Coinglass, if BTC falls below $8,000, the total strength of long orders on major CEX will reach 3.83 billion. Conversely, if BTC crosses the $8,500 mark, the total strength of short orders on major CEX will be 3.51 billion. BlockBeats note: the liquidation schedule does not show the exact number of contracts that need to be liquidated, or the exact value of the liquidated contracts. The columns on the liquidation schedule actually reflect the importance of each liquidation cluster compared to neighboring liquidation clusters, i.e., the strength. Thus, the liquidation schedule shows how influential the price will be at a certain point. Higher "liquidation columns" indicate that there will be a stronger reaction after reaching this price due to Liquidity.
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According to Coinglass, if the price of BTC falls below $80,000, it will trigger the liquidation of long orders on major CEX exchanges totaling 383 million. Conversely, if the price of BTC exceeds $85,000, it will lead to the liquidation of short orders on major CEX exchanges totaling 351 million. The liquidation schedule shows the potential impact of reaching a certain price level. On March 12th, according to Coinglass, if BTC falls below $8,000, the total strength of long orders on major CEX will reach 3.83 billion. Conversely, if BTC crosses the $8,500 mark, the total strength of short orders on major CEX will be 3.51 billion. BlockBeats note: the liquidation schedule does not show the exact number of contracts that need to be liquidated, or the exact value of the liquidated contracts. The columns on the liquidation schedule actually reflect the importance of each liquidation cluster compared to neighboring liquidation clusters, i.e., the strength. Thus, the liquidation schedule shows how influential the price will be at a certain point. Higher "liquidation columns" indicate that there will be a stronger reaction after reaching this price due to Liquidity.