BlockBeats News, March 26th, according to Coinglass data, if Bitcoin breaks through $89,000, mainstream CEX total short liquidation intensity will reach $1.055 billion.
Conversely, if Bitcoin falls below $87,000, mainstream CEX total long liquidation intensity will reach $347 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts waiting to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to 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 will experience a more intense reaction due to a liquidity cascade once it reaches that level.
