BlockBeats message, March 29, according to Coinglass data, if Bitcoin falls below $65,000, the cumulative long liquidation intensity on major CEXs will reach $743 million.
Conversely, if Bitcoin breaks through $68,000, the cumulative short liquidation intensity on major CEXs will reach $621 million.
BlockBeats note: The liquidation chart does not represent the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.