If Bitcoin breaks $73,000, mainstream CEX cumulative short liquidation intensity will reach $834 million

BlockBeats News, March 21st, according to Coinglass data, if Bitcoin breaks through $73,000, the mainstream CEX's cumulative short liquidation intensity will reach $834 million.

Conversely, if Bitcoin falls below $69,000, the mainstream CEX's cumulative long liquidation intensity will reach $940 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 indicate the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., intensity.

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