BlockBeats news, on March 27, according to Coinglass data, if Bitcoin falls below $66,000, the cumulative long liquidation intensity on major CEXs will reach $607 million.
Conversely, if Bitcoin breaks above $69,000, the cumulative short liquidation intensity on major CEXs will reach $638 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of liquidated contracts. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the underlying price reaching a certain level will be affected. Higher “liquidation bars” indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
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