BlockBeats reported on Sept. 8, citing data from Coinglass, that cumulative long liquidation intensity across major centralized exchanges would reach $1.017 billion if Bitcoin drops below $76,000. On the other side, cumulative short liquidation intensity would rise to $1.224 billion if Bitcoin breaks above $80,000. The report also noted that the liquidation map is not a display of the exact number of contracts awaiting liquidation, nor the precise value of positions that would be liquidated. Instead, the bars on the chart indicate the relative importance, or intensity, of each liquidation cluster compared with nearby clusters. In practical terms, the chart is meant to show how strongly the market could be affected when the underlying asset reaches a given price area. Higher liquidation bars suggest that once price trades into that level, the resulting liquidity wave could trigger a more forceful market reaction.
BlockBeats reported on Sept. 8, citing Coinglass data, that cumulative long liquidation intensity across major centralized exchanges would reach $1.017 billion if Bitcoin falls below $76,000.
If Bitcoin breaks above $80,000, cumulative short liquidation intensity across major CEXs would reach $1.224 billion.
BlockBeats added that the liquidation map does not show the exact number of contracts pending liquidation or the exact value of contracts that would be liquidated. The bars on the chart instead represent the relative importance of each liquidation cluster compared with nearby clusters, or what the platform describes as intensity.
By that measure, the chart shows how strongly the market may be affected when the underlying asset reaches a certain price level. A taller liquidation bar indicates that once price moves into that area, the liquidity wave may produce a stronger reaction.
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