Data: If Bitcoin Falls Below $76K, Cumulative Long Liquidation Intensity on Major CEXs Could Reach $1.017 Billion

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major CEXs could reach $1.017 billion. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on major CEXs could reach $1.224 billion. The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of liquidated contracts. The bars on the liquidation chart show the importance of each liquidation cluster relative to neighboring clusters, i.e., intensity. Therefore, the liquidation chart illustrates the extent to which the underlying asset's price reaching a certain level would be impacted. A higher liquidation bar indicates a stronger reaction due to the liquidity wave once the price reaches that level.