BlockBeats News, May 5th, according to Coinglass data, if Bitcoin breaks above $82,000, the total short liquidation pressure on mainstream CEXs will reach $1.328 billion.
Conversely, if Bitcoin falls below $78,000, the total long liquidation pressure on mainstream CEXs will reach $2.048 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to neighboring 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 the price, when reached, will have a more intense reaction due to a liquidity cascade.
