If Bitcoin breaks through $79,000, the total liquidation strength of mainstream CEX short positions will reach 597 million

BlockBeats news, on April 9th, according to Coinglass data, if Bitcoin breaks through $79,000, the cumulative liquidation strength of mainstream CEX short positions will reach 597 million. Conversely, if Bitcoin falls below $75,000, the cumulative liquidation strength of mainstream CEX long positions will reach 135 million.

BlockBeats note: The liquidation chart does not show the exact number of contracts pending for liquidation or the precise value of contracts that have been liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby clusters - in other words their 'strength'. Therefore what is shown by a liquidation chart is how much impact there would be when prices hit certain levels. Higher 'liquidating columns' indicate that once prices hit those levels they are likely to trigger more intense reactions due to liquidity waves.