BlockBeats News, March 15th, according to Coinglass data, if Bitcoin breaks through $73,000, the total short liquidation intensity of mainstream CEXs will reach $429 million.
Conversely, if Bitcoin falls below $70,000, the total long liquidation intensity of mainstream CEXs will reach $459 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher “liquidation bar” indicates that the price will experience a more intense response due to a liquidity event.
