CoinVoice recently learned that according to Coinglass data, if Bitcoin falls below $61,000, the cumulative long order liquidation intensity of mainstream CEX will reach 653 million;
On the contrary, if Bitcoin breaks through $64,000, the cumulative short order liquidation intensity of mainstream CEX will reach 848 million.
It is reported that the liquidation chart does not show the exact number of contracts to be liquidated or the exact value of the contracts to be liquidated. The columns on the liquidation chart actually show the importance of each liquidation cluster relative to the adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation column" means that the price will react more strongly to the liquidity wave when it reaches that position. [Original link]
