Coinglass’s liquidation map doesn’t record amounts; it shows the relative intensity at each price band. It groups leveraged positions by price and assigns an intensity to each cluster. Intensity and amount are two different ways of accounting.
💥 两个数怎么来的，群里掰开算，点进来一起对
According to this methodology, if BTC falls below $80,000, the cumulative liquidation intensity for long positions on major CEXs is 692 million; if it breaks above $83,000, the intensity on the short side is 1.025 billion.
Neither figure holds up if you interpret them as the amount of money waiting to be liquidated. BlockBeats’ note makes this clear: the bars don’t represent the exact number of contracts awaiting liquidation, nor the exact value of contracts to be liquidated. They measure how far a wave of liquidity could push prices when they reach that level. A liquidation map is like an earthquake intensity map: it shows the degree of impact, not the amount of damage.
The 692 million and 1.025 billion figures can only be compared in terms of relative intensity. Market makers and liquidation analysts look at which price bands have dense clusters.
Change the methodology, and the meaning of the numbers changes too.
#比特币跌破8.4万美元
💥 两个数怎么来的，群里掰开算，点进来一起对
According to this methodology, if BTC falls below $80,000, the cumulative liquidation intensity for long positions on major CEXs is 692 million; if it breaks above $83,000, the intensity on the short side is 1.025 billion.
Neither figure holds up if you interpret them as the amount of money waiting to be liquidated. BlockBeats’ note makes this clear: the bars don’t represent the exact number of contracts awaiting liquidation, nor the exact value of contracts to be liquidated. They measure how far a wave of liquidity could push prices when they reach that level. A liquidation map is like an earthquake intensity map: it shows the degree of impact, not the amount of damage.
The 692 million and 1.025 billion figures can only be compared in terms of relative intensity. Market makers and liquidation analysts look at which price bands have dense clusters.
Change the methodology, and the meaning of the numbers changes too.
#比特币跌破8.4万美元