On March 27, according to Coinglass data, if Bitcoin falls below $86,000, the cumulative long positions liquidation intensity of mainstream CEXs will reach $777 million.
Conversely, if Bitcoin breaks through $88,000, the cumulative short positions liquidation intensity of mainstream CEXs will reach $429 million.
BlockBeats Note: 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 actually represent the relative importance of each liquidation cluster compared to neighboring clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that when the price reaches that point, it will generate a more intense reaction due to the liquidity wave.
