If Bitcoin breaks through $73,000, the cumulative short-selling intensity on major CEXs will reach $482 million.

According to ME News, on February 8th (UTC+8), Coinglass data indicates that if Bitcoin breaks through $73,000, the cumulative short liquidation intensity on major CEXs will reach $482 million. Conversely, if Bitcoin falls below $70,000, the cumulative long liquidation intensity on major CEXs will reach $270 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart represent the importance of each liquidation cluster relative to its neighboring clusters, i.e., its strength. Therefore, the liquidation chart shows the extent to which a price level will be affected. Higher "liquidation bars" indicate a stronger reaction to the price surge due to liquidity. (Source: ME)