According to BlockBeats news on December 19, based on Coinglass data, if Bitcoin falls below $100,000, the cumulative long liquidation intensity on mainstream CEX will reach $335 million.
Conversely, if Bitcoin breaks through $102,000, the cumulative short liquidation intensity on mainstream CEX will reach $731 million.
Note from BlockBeats: The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The columns on the liquidation chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., their intensity.
Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain level. A higher 'liquidation column' indicates that there will be a stronger reaction due to liquidity waves once the price reaches that point.
