BlockBeats News, February 4th, according to Coinglass data, if Bitcoin falls below $75,000, the cumulative long liquidation intensity of mainstream CEX will reach 498 million.
On the contrary, if Bitcoin surpasses $79,000, the cumulative short liquidation intensity of mainstream CEX will reach 637 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent reaching a certain price level will be affected. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.
