Data: If Bitcoin falls below $62,000, the cumulative long liquidation intensity on major CEX will reach $609 million
According to Coinglass data, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on major CEXs will reach $609 million. Conversely, if Bitcoin breaks above $66,000, the cumulative short liquidation intensity on major CEXs will reach $376 million.
The liquidation chart 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 chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain position 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.
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