BlockBeats News, January 30th, according to Coinglass data, if Bitcoin falls below $80,000, the cumulative long liquidation intensity of mainstream CEXs will reach $286 million.
Conversely, if Bitcoin surpasses $85,000, the cumulative short liquidation intensity of mainstream CEXs will reach $698 million.
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 liquidation clusters, known as 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 reaching that level will trigger a more intense reaction due to a liquidity cascade.
