BlockBeats News, February 4th, according to Coinglass data, if Bitcoin drops below $75,000, the cumulative long liquidation intensity on major CEXs will reach 498 million.
Conversely, if Bitcoin breaks above $79,000, the cumulative short liquidation intensity on major CEXs will reach 637 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level. Higher “liquidation bars” indicate that the price will generate a stronger reaction due to liquidity waves once reached.
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