BlockBeats News, March 31st, according to Coinglass data, if Bitcoin falls below $80,000, the total long liquidation intensity on major CEXs will reach 529 million.
On the other hand, if Bitcoin surpasses $84,000, the total short liquidation intensity on major CEXs will reach 939 million.
BlockBeats Note: The liquidation chart does not accurately display the precise number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring ones, in other words, intensity.
Therefore, the liquidation chart shows to what extent the underlying price will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that point, a more intense reaction will occur due to a liquidity cascade.