If Bitcoin drops below $76,000, the cumulative long liquidation intensity on mainstream CEXs will reach $394 million.

BlockBeats news, September 13th, according to Coinglass data, if Bitcoin falls below $76,000, the cumulative long position liquidation intensity on mainstream CEXs will reach $394 million.

Conversely, if Bitcoin breaks above $78,000, the cumulative short position liquidation intensity on mainstream CEXs will reach $227 million.

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

Therefore, the liquidation chart shows the degree to which the underlying price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, there will be a more intense reaction due to a wave of liquidity.