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If Bitcoin Breaks $82,000, CEX Cumulative Short Liquidation Intensity Will Reach $1.328 Billion
On May 5, according to Coinglass data, if Bitcoin breaks $82,000, the cumulative short liquidation intensity on major CEXs will reach $590 million. Conversely, if Bitcoin falls below $78,000, the cumulative long liquidation intensity on major CEXs will reach $2.048 billion. Note from BlockBeats: 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 significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher ‘liquidation bar’ indicates that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.