If Bitcoin drops below $78,000, the cumulative long liquidation strength of major CEXs will reach $844 million.

BlockBeats News, May 14th, according to Coinglass data, if Bitcoin falls below $78,000, the cumulative long liquidation intensity on major CEXs will reach $844 million.

Conversely, if Bitcoin surpasses $81,000, the cumulative short liquidation intensity on major CEXs will reach $997 million.

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

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that the price reaching that level will trigger a stronger reaction due to a liquidity cascade.