If Bitcoin breaks above $83,000, the total Short Liquidation Volume on major CEXs will reach $596 million.

BlockBeats News, March 14th, according to Coinglass data, if Bitcoin breaks through $83,000, the cumulative short liquidation intensity of mainstream CEX will reach $596 million.

Conversely, if Bitcoin falls below $81,000, the cumulative long liquidation intensity of mainstream CEX will reach $239 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to the adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the asset price reaching a certain level will be affected. A higher "liquidation bar" indicates that the price reaching that level will generate a more intense reaction due to a liquidity cascade.