BlockBeats News, April 15th, according to Coinglass data, if Bitcoin breaks through $87,000, the cumulative short liquidation intensity of mainstream CEX will reach $1.14 billion.
Conversely, if Bitcoin falls below $84,000, the cumulative long liquidation intensity of mainstream CEX will reach $969 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will experience a stronger reaction due to a liquidity cascade when it reaches that level.
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