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The liquidation chart isn't an exact number, but the sentiment is precise — both sides are panicking.
Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation strength on mainstream CEXs will reach 899 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the precise value of the contracts being liquidated. The bars on the liquidation chart indicate the importance of each liquidation cluster relative to nearby clusters—i.e., the intensity.
Therefore, the liquidation chart shows how much the target price will be affected when it reaches a certain level. A higher “liquidation column” means that once the price reaches that point, it will trigger a stronger reaction due to liquidity waves.