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If Bitcoin falls below $85,000, the mainstream CEX long liquidation volume will reach 980 million.

3 days ago

On March 28th, according to Coinglass data, if Bitcoin drops below $85,000, the cumulative intensity of long liquidation on mainstream CEX will reach 980 million. Conversely, if Bitcoin surpasses $87,000, the cumulative intensity of short liquidation on mainstream CEX will reach 452 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster compared to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows the extent to which the asset's price reaching a certain level will be affected. A higher "liquidation bar" indicates that when the price reaches that level, a more intense reaction will be triggered due to a liquidity cascade.
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