If Bitcoin breaks through $72,000, the cumulative short position liquidation intensity on mainstream CEX will reach $590 million

According to Coinglass data, if Bitcoin breaks through $72,000, the cumulative short liquidation intensity on major CEXs will reach $590 million. Conversely, if Bitcoin falls below $70,000, the cumulative long liquidation intensity on major CEXs will reach $275 million.

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 actually represent the significance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.