BlockBeats news, on December 23, according to Coinglass data, if Bitcoin falls below $92,000, the cumulative long liquidation intensity on mainstream CEX will reach $321 million.
Conversely, if Bitcoin breaks through $97,000, the cumulative short liquidation intensity on mainstream CEX will reach $353 million.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The columns on the liquidation chart actually display the importance of each liquidation cluster relative to nearby liquidation clusters, i.e., intensity.
Therefore, the liquidation chart shows to what extent the target price reaching a certain position will be affected. A higher 'liquidation column' indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.
