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List of two key Bitcoin price levels: Comparative analysis of long and short liquidation intensities
【BlockBeats】Friends who have recently been paying attention to the contract market should have noticed that Bitcoin’s price fluctuations have indeed affected many positions. According to data, if Bitcoin falls below the $89,000 mark, the cumulative liquidation strength on mainstream exchanges for long positions will reach approximately 1.127 billion. Conversely, once Bitcoin rises above $93,000, the cumulative liquidation strength for short positions will reach 960 million.
Here’s a detail that many people tend to confuse. The bars on the liquidation data chart do not represent the exact number of contracts pending liquidation, nor the precise liquidation value, but rather measure the relative importance between different liquidation clusters—that is, the intensity.
From another perspective: when Bitcoin’s price reaches a certain level, what kind of impact will it have on the market? The taller the bar, the more intense the chain reaction of liquidations after the price reaches that point, and the greater the power of the liquidity wave. For short-term traders, these are absolute key levels of resistance and support that need close attention.