Data: If Bitcoin falls below $76,000, the cumulative long position liquidation intensity on mainstream CEX will reach 1.017 billion

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs will reach $1.017 billion. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs will reach $1.224 billion.

The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. Higher liquidation bars indicate that once the price reaches that point, there will be a stronger reaction due to liquidity waves.