ChainCatcher news, according to Coinglass data, if the Bitcoin price falls below US$61,000, the liquidation intensity of long orders on mainstream CEX will reach US$653 million; conversely, if it exceeds US$64,000, the liquidation intensity of short orders will reach US$848 million.
It is worth noting that the liquidation graph does not show the precise number or value of contracts to be liquidated, but rather the importance, or strength, of each liquidation cluster relative to adjacent liquidation clusters. A higher "liquidation bar" means that after price reaches that level, the market will react more strongly to a wave of liquidity.
Overall, fluctuations in Bitcoin prices will have a significant impact on the market, and investors need to pay close attention. 📊💹