March 9th, according to Coinglass data, if Bitcoin falls below $85,000, the cumulative long liquidation intensity of mainstream CEX will reach 645 million.
Conversely, if Bitcoin surpasses $87,000, the cumulative short liquidation intensity of mainstream CEX will reach 413 million.
BlockBeats Note: The liquidation chart does not accurately display the number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to adjacent liquidation clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher “liquidation bar” indicates that the price reaching that level will elicit a stronger reaction due to a liquidity cascade.