If Bitcoin breaks through $83,000, the cumulative short liquidation strength on mainstream CEXs will reach $560 million.

BlockBeats news, September 18, according to Coinglass data, if Bitcoin breaks through $83,000, the cumulative short liquidation intensity on mainstream CEXs will reach $560 million.

Conversely, if Bitcoin falls below $79,000, the cumulative long liquidation intensity on mainstream CEXs will reach $477 million.

BlockBeats note: The liquidation chart does not show 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 nearby liquidation clusters, that is, the 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 after the price reaches that level, there will be a stronger reaction due to a wave of liquidity.