If Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $1.017 billion.

BlockBeats News, September 8 - According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $1.017 billion.

Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach $1.224 billion.

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

Therefore, the liquidation chart illustrates the extent to which the underlying asset's price will be affected when it reaches a certain level. A higher "liquidation bar" indicates a stronger reaction due to the wave of liquidity once the price arrives at that point.