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If Bitcoin Surpasses $80,000, CEX Cumulative Short Liquidation Intensity Will Reach $619 Million
On April 26, according to Coinglass data, if Bitcoin breaks through $80,000, the cumulative short liquidation intensity on mainstream CEXs will reach $619 million. Conversely, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on mainstream CEXs will reach $645 million. Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby clusters, i.e., intensity. Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher ‘liquidation bar’ indicates that once the price reaches that point, there will be a stronger reaction due to a wave of liquidity.