If Bitcoin surpasses $82,000, the mainstream CEX cumulative short liquidation intensity will reach $1.328 billion.
BlockBeats News, May 5th, according to Coinglass data, if Bitcoin breaks above $82,000, the cumulative short liquidation intensity on mainstream CEXs will reach $590 million.
Conversely, if Bitcoin drops below $78,000, the cumulative long liquidation intensity on mainstream CEXs will reach $2.048 billion.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. 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 the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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