On April 10, according to data from coinglass, if Bitcoin rises above $84,000, the cumulative short liquidation intensity on major Centralized Exchanges (CEX) will reach 637 million.
Conversely, if Bitcoin falls below $81,000, the cumulative long liquidation intensity on major Centralized Exchanges (CEX) will reach 918 million.
Block's note: The liquidation chart does not represent the exact number of contracts awaiting liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster compared to neighboring liquidation clusters, i.e., intensity.
Therefore, the liquidation chart illustrates the degree of impact of the asset's price when reaching a certain position. Higher "liquidation bars" indicate that the price will generate a stronger reaction due to the liquidity wave when reaching that level.
