If bitcoin surpasses $82,000, the cumulative short liquidation intensity on major CEXs will reach 1.328 billion.
BlockBeats news, on May 5, according to Coinglass data, if Bitcoin breaks through $82,000, the aggregated short position liquidation intensity across major CEX will reach $590 million.
Conversely, if Bitcoin falls below $78,000, the aggregated long position liquidation intensity across major CEX will reach $2.048 billion.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or their precise value. The bars on the chart actually represent the relative importance or intensity of each liquidation cluster compared to neighboring clusters.
Therefore, the liquidation chart illustrates to what extent the underlying price reaching a certain level will be impacted. Higher "liquidation bars" indicate that once the price arrives at that point, there will be a stronger reaction caused by liquidity waves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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