BlockBeats news, on December 24, according to Coinglass data, if Bitcoin breaks through $100,000, the cumulative short liquidation intensity on mainstream CEX will reach $863 million.
Conversely, if Bitcoin falls below $93,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.434 billion.
BlockBeats note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact 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 to what extent the target price reaching a certain position will be affected. A higher 'liquidation bar' indicates that when the price reaches that point, there will be a stronger reaction due to liquidity waves.
