If Bitcoin breaks $73,000, mainstream CEX cumulative short liquidation pressure will reach $482 million

BlockBeats News, February 8th, according to Coinglass data, if Bitcoin breaks through $73,000, the mainstream CEX's cumulative short liquidation intensity will reach $482 million.

On the other hand, if Bitcoin falls below $70,000, the mainstream CEX's cumulative long liquidation intensity will reach $270 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the intensity.

Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that after the price reaches that level, a more intense reaction will occur due to a liquidity surge.