BlockBeats News, March 27th, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long liquidation intensity of mainstream CEXs will reach $777 million.
Conversely, if Bitcoin surpasses $88,000, the cumulative short liquidation intensity of mainstream CEXs will reach $429 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 neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price 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.
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