BlockBeats news, on December 16, according to Coinglass data, if Bitcoin breaks through $107,000, the cumulative short liquidation intensity of mainstream CEX will reach $913 million.
Conversely, if Bitcoin falls below $103,000, the cumulative long liquidation intensity of mainstream CEX will reach $1.161 billion.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the importance, or intensity, of each liquidation cluster relative to nearby liquidation clusters.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain position will be affected. A higher 'liquidation bar' indicates that once the price reaches that point, there will be a stronger reaction due to the liquidity wave.
