BlockBeats News, April 16th, according to Coinglass data, if Bitcoin falls below $82,000, the total long liquidation intensity of major CEXs will reach $1.098 billion.
Conversely, if Bitcoin breaks above $85,000, the total short liquidation intensity of major CEXs will reach $938 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be impacted when it reaches a certain level. Higher "liquidation bars" indicate that the price reaching that level will trigger a more pronounced reaction due to a liquidity cascade.
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