BlockBeats News, April 18th, according to Coinglass data, if Bitcoin breaks through $87,000, the cumulative short liquidation intensity of mainstream CEXs will reach $474 million.
Conversely, if Bitcoin falls below $83,000, the cumulative long liquidation intensity of mainstream CEXs will reach $324 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 relative importance of each liquidation cluster to adjacent liquidation 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 will experience a more intense reaction due to a liquidity cascade when it reaches that level.
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