BlockBeats News, April 14th, according to Coinglass data, if Bitcoin breaks through $86,000, the total short liquidation intensity of mainstream CEXs will reach $683 million.
Conversely, if Bitcoin falls below $83,000, the total long liquidation intensity of mainstream CEXs will reach $812 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the relative significance of each liquidation cluster to nearby 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 reaching that level will trigger a stronger reaction due to a liquidity cascade.
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