Data: If Bitcoin Falls Below $76K, Mainstream CEX Cumulative Long Liquidation Intensity Reaches $797M

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEXs will reach $797 million. Conversely, if Bitcoin breaks above $80,000, the cumulative short liquidation intensity on mainstream CEXs will reach $708 million. The liquidation chart does not show the exact number of contracts to be liquidated or the precise value of liquidated contracts. The bars on the liquidation chart represent the importance of each liquidation cluster relative to adjacent clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that a stronger market reaction will occur due to liquidity waves once the price reaches that level.