If Bitcoin falls below US$73,000, the cumulative multi-order clearing intensity of mainstream CEX will reach 538 million

According to Coinglass data, if Bitcoin falls below US$73,000, the cumulative multi-order clearing intensity of mainstream CEX will reach 538 million. On the contrary, if Bitcoin exceeds US$77,000, the cumulative clearing intensity of mainstream CEX short orders will reach 607 million. The liquidation chart does not show the precise number of contracts to be cleared, or the precise value of contracts being cleared. The columns on the liquidation chart show the importance, i.e. intensity, of each liquidation cluster relative to adjacent liquidation clusters. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "clearing pole" means that prices will respond more strongly to the tide of liquidity later on.