BlockBeats News, March 28th, according to Coinglass data, if Bitcoin falls below $85,000, the cumulative long liquidation intensity of mainstream CEX will reach 980 million.
On the contrary, if Bitcoin surpasses $87,000, the cumulative short liquidation intensity of mainstream CEX will reach 452 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually indicate the relative importance of each liquidation cluster to adjacent liquidation clusters, that is, the intensity.
Therefore, the liquidation chart shows to what extent the asset's price reaching a certain level will be impacted. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.