If Bitcoin drops below $82,000, the mainstream CEX long liquidation volume will reach $1.196 billion

BlockBeats News, April 2nd, according to Coinglass data, if Bitcoin falls below $82,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.196 billion.

Conversely, if Bitcoin surpasses $86,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.265 billion.

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 represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

Therefore, the liquidation chart shows to what extent the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade once it reaches that point.