If Bitcoin drops below $72,000, the mainstream CEX's cumulative long liquidation intensity will reach $1.77 billion

BlockBeats News, November 6th, according to Coinglass data, if Bitcoin falls below $72,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.777 billion.

On the other hand, if Bitcoin surpasses $75,000, the cumulative short liquidation intensity of mainstream CEX will reach $339 million.

BlockBeats Note: The liquidation chart does not display 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 neighboring 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 have a more pronounced reaction due to a liquidity cascade when it reaches that point.