Data: If Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEX will reach $797 million

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEXs will reach $797 million. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on mainstream CEXs will reach $708 million.

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 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 liquidity waves.