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If Bitcoin breaks through $79,000, the cumulative short order liquidation strength of mainstream CEX will reach 597 million.
On April 9, according to Coinglass data, if Bitcoin breaks through $79,000, the cumulative short order liquidation strength of mainstream CEX will reach $597 million. Conversely, if Bitcoin falls below $75,000, the cumulative long order liquidation strength of mainstream CEX will reach $135 million. BlockBeats notes: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to the nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher “liquidation bar” indicates that when the price reaches that point, there will be a stronger reaction due to the liquidity wave.