The "Liquidation Map" shows that the BTC spot price is currently below low liquidation intensity. If it rebounds to $86,000, it will face high intensity liquidation.
BlockBeats News, January 30th, according to Coinglass data, after a morning drop in the crypto field, the "Liquidation Map" shows that if BTC continues to fall, there is no significant liquidation strength at lower price levels.
If Bitcoin falls below $80,000, the cumulative long liquidation strength of mainstream CEX will reach $615 million.
On the other hand, if Bitcoin surpasses $85,000, the cumulative short liquidation strength of mainstream CEX will reach $778 million. However, if Bitcoin rises to $86,000, the liquidation strength will reach $1.599 billion; if it rises to $87,000, the liquidation strength will reach $2.398 billion.
BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of liquidated contracts. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, that is, the strength.
Therefore, the liquidation chart shows to what extent the target price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will have a more intense reaction due to a liquidity cascade when it reaches that level.
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