Data: The liquidation map shows that the liquidation intensity is low below the current price of BTC. If it rises to $86,000, it will face high-intensity liquidation
According to market news, after the drop in the crypto sector this morning, the liquidation map shows that if BTC continues to decline, there is no significant liquidation strength at lower price levels. If Bitcoin falls below $80,000, the cumulative long liquidation strength on major CEXs will reach $615 million. Conversely, if Bitcoin breaks above $85,000, the cumulative short liquidation strength on major CEXs will reach $778 million.However, if Bitcoin rises to $86,000, the liquidation strength will reach $1.599 billion; if it rises to $87,000, the liquidation strength will reach $2.398 billion. Note: The liquidation map does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation map actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., strength. Therefore, the liquidation map shows the extent to which the underlying price reaching a certain level will be affected. Higher liquidation bars indicate that once the price reaches that level, there will be a stronger reaction due to liquidity waves.