BlockBeats News, April 17th, according to Coinglass data, if Bitcoin surpasses $77,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.17 billion.
Conversely, if Bitcoin drops below $73,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.277 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that point will trigger a more intense reaction due to a liquidity cascade.
