Bitcoin falling below $116,000 may trigger a wave of $829 million long order liquidations.

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On July 15, due to the selling influence of ancient Bitcoin Whales, Bitcoin fell to the range of 117,000 USD. According to data from the data platform, if Bitcoin drops below 116,000 USD, the cumulative long order liquidation intensity on mainstream trading platforms will reach 829 million.

On the contrary, if Bitcoin rises and breaks through 118,000 USD, the cumulative short order liquidation intensity on mainstream trading platforms will only be 159 million.

Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance, or strength, of each liquidation cluster relative to nearby liquidation clusters.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation column" indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.

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AltcoinMarathonervip
· 07-18 05:38
just another dip in our crypto marathon... these whales dumping = mile 20 wall tbh
Reply0
OnchainDetectivevip
· 07-18 05:28
Pro们先别急着buy the dip!
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rekt_but_not_brokevip
· 07-17 19:50
Empty bowl of noodles, waiting for it to come back.
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DefiVeteranvip
· 07-15 06:26
See the liquidation chart, buy the dip is for the brave.
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WagmiWarriorvip
· 07-15 06:25
The suckers are being played for again.
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SolidityStrugglervip
· 07-15 06:23
Was washed by large investors again.
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ProposalManiacvip
· 07-15 06:13
Liquidity of funds is an illusion; governance is the real asset.
View OriginalReply0
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