BlockBeats News, April 14th, according to Coinglass data, if Bitcoin breaks through $77,000, the cumulative short liquidation intensity of mainstream CEXs will reach $1.086 billion.
Conversely, if Bitcoin falls below $73,000, the cumulative long liquidation intensity of mainstream CEXs will reach $1.512 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to neighboring 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 stronger reaction due to a liquidity cascade once it reaches that level.
