📰 [If Bitcoin breaks through $82k, the cumulative short liquidation strength on mainstream centralized exchanges will reach 82k.]

BlockBeats news, May 5th, according to Coinglass data, if Bitcoin breaks through $82k, the cumulative short liquidation strength on mainstream CEXs will reach 590 million.
Conversely, if Bitcoin falls below $78k, the cumulative long liquidation strength on mainstream CEXs will reach 1.33B.
BlockBeats note: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated.
The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby clusters, i.e., the intensity.
Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level.
Higher "liquidation columns" indicate that once the price reaches that level...
$82k short squeeze? These shorts probably forgot that liquidation strength is not fixed, it’s dynamic.
Seeing a figure like 82k is just for reference; when the price actually hits that level, liquidity pools will automatically redistribute.
$BTC If you want to guess the market direction based on a number, it’s better to calculate the on-chain whale’s position cost.