BlockBeats news, on January 2, according to Coinglass data, if Bitcoin breaks through $97,000, the cumulative short liquidation intensity on mainstream CEX will reach 726 million;
Conversely, if Bitcoin falls below $93,000, the cumulative long liquidation intensity on mainstream CEX will reach 728 million.
BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The pillars on the liquidation chart actually show the significance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows the extent to which the underlying price reaching a certain level will be affected. A higher 'liquidation pillar' indicates that once the price reaches that point, it will react more strongly due to a wave of liquidity.
