BlockBeats news, on January 30, according to Coinglass data, after a drop this morning in the crypto field, the "liquidation map" shows that if BTC continues to decline, there are no significant liquidation intensities at lower price levels.
If Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEX will reach 615 million.
On the contrary, if Bitcoin breaks through $85,000, the cumulative short liquidation intensity on mainstream CEX will reach 778 million. However, if Bitcoin rises to $86,000, the liquidation intensity will reach 1.599 billion; if it rises to $87,000, the liquidation intensity will reach 2.398 billion.
BlockBeats note: The liquidation map does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The columns on the liquidation map actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation map shows to what extent the underlying price will be affected when it reaches a certain position. A higher "liquidation column" indicates that once the price reaches that point, it will respond more strongly due to the wave of liquidity.
