Data: If Bitcoin falls below $53,000, the cumulative long liquidation intensity on major CEX will reach $597 million
ChainCatcher news, according to Coinglass data, if Bitcoin falls below $53,000, the cumulative long liquidation intensity on major CEXs will reach $597 million. Conversely, if Bitcoin breaks above $56,000, the cumulative short liquidation intensity on major CEXs will reach $510 million.It is reported that the liquidation chart does not display the exact number of contracts to be liquidated 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 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 once the price reaches that point, there will be a stronger reaction due to liquidity waves.
