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If Bitcoin breaks through $80k, the cumulative short liquidation intensity on major CEXs will reach 947 million.
ME News, May 21 (UTC+8), according to Coinglass data, if Bitcoin breaks through $80k, the cumulative short liquidation intensity on major CEXs will reach 947 million.
Conversely, if Bitcoin falls below $76k, the cumulative long liquidation intensity on major CEXs will reach 899 million.
BlockBeats note: The liquidation map does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation map actually show the importance of each liquidation cluster relative to its neighboring clusters, i.e., the intensity. Therefore, the liquidation map shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates a stronger reaction due to the liquidity wave when the price arrives. (Source: BlockBeats)