BlockBeats News, February 18th, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity of mainstream CEXs will reach $957 million.
Conversely, if Bitcoin exceeds $70,000, the cumulative short liquidation intensity of mainstream CEXs will reach $989 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually show the relative importance of each liquidation cluster to the adjacent liquidation cluster, i.e., intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
