If Bitcoin falls below $85,000, the total liquidation intensity of long positions on major centralized exchanges will reach $315 million.
TL;DR
If Bitcoin drops below $85,000, long positions on major exchanges could face $315 million in liquidations, while a rise above $87,000 might trigger $142 million in short liquidations. The data highlights potential price volatility at these levels, with higher liquidation bars indicating stronger market reactions.
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According to Coinglass data, if Bitcoin falls below $85,000, the cumulative liquidation intensity of long positions on major CEXs will reach $315 million.
Conversely, if Bitcoin breaks through $87,000, the cumulative short position liquidation intensity on major CEXs will reach $142 million.
BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to its neighboring liquidation clusters.
Therefore, the liquidation chart shows the extent to which the price of an asset is affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to liquidity surges once it reaches that level.