BlockBeats News, February 5th, according to HTX market data, Bitcoin returned to the $60,000 range after 456 days, only $1,000 away from the last bull market high of $69,000 on November 1, 2021.
In the past 24 hours, the total net liquidation across the network was $948 million, with long liquidations totaling $790 million. The liquidation map shows that in the recent continued bearish market, there has been “no more to liquidate,” with limited long positions below. If Bitcoin falls below $65,000, the cumulative long liquidation intensity on mainstream CEXs is $780 million. If Bitcoin surpasses $73,000, the cumulative short liquidation intensity on mainstream CEXs is $930 million, both lower than the previous scale of over $1 billion in the same range width. In the future, whether up or down, there is no apparent liquidation intensity.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to adjacent clusters, that is, the intensity.
